Hello everyone!!! tell me about what is the accounting entries made after stock seized by the Sales Tax Deparment dated 3rd Aug.'2010 and release order the same stock as at 31st March,2011. Tax penalty is also paid on 28th March,2011 according to demand notice received. Now, situation is that, In Tally software, unable to do, so far, the entry to pass. However, Inventory is maintaining. Please, clear my doubts 1) What is the accounting entires in this case? 2) how to generate acounting/inventories voucher in tally9. Yours suggestion is highly appreciable. With Regards! Arun Gupta
CAclubindia
