Petrol & Diesel evaporation loss journal entry

What should be the journal entry for stock evaporation of Petrol & Diesel? I maintained Inventory in my Tally.Prime

Software. I'm confused... Pls help
Replies (3)
Quick Summary
This discussion addresses how to record stock evaporation for petrol and diesel in Tally Prime. It explains the need to maintain a provision for evaporation based on historical data and allocate this cost to finished goods. The recommended method involves using a stock journal, specifically a manufacturing journal, within Tally Prime, ensuring cost tracking is enabled and allocating the evaporation as scrap to the relevant finished stock item.

Please elaborate in details

You have to maintain a provision for evaporation based on the past experiences and allocate the cost to finished goods. in tally,

inventory vouchers->stock journal-> select manufacturing journal-> cost tracking field to 'yes'-> under co products, scrap, select the item of finished stock to allocate the scrap. 

Totally agree with Yasaswi Gomes. Create Stock journal.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details