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how to account for commodity transactions

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(Querist)
02 August 2010 im doing future & option of commodity sale and purchase how i should pass entry in accounts in tallly for the same
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
02 August 2010 Entries for F & O should be done on a mark to market basis.

For detailed procedure refer the guidance note for accouting from here.
https://www.caclubindia.com/share_files/guidance-note-on-accounting-for-futures-options-28916.asp

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