09 January 2018
Dear, I want to do accounting in tally for F & O Transaction .. How should i do so as to get the Turnover figure as this {Profit and Loss aggregate ignoring the negative sign} and also i want full stock summary
1st option is to post the margin entry only but then i wont get the stock summary but the total of debit and credit will form turnover. 2nd option is to post the full entry showing it as purchase and sell ... here i will get the complete stock summary but i wont get the turnover figure
09 January 2018
You can use the second option and pass the purchase entry in Purchase Account and sale entry in Sale Account. In this way you will have total sale and total purchases figures and difference will be the F & O income or loss as well as complete stock inventory also.
CAclubindia
