Accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2012
Dear All,
We are purchasing one type of machinery called rotation testing machine and we do assembling work at factory and we export it. Please let me know how to account it.
Regards,
Anju anand
We are purchasing one type of machinery called rotation testing machine and we do assembling work at factory and we export it. Please let me know how to account it.
Regards,
Anju anand
14 April 2012
When u purchase assembling parts,
Inventory A/c Dr
To Liability A/c
When u manufacture a product and sell it,
Raw Material Consumed A/c Dr
To Inventory A/c
When u sell,
Debtor A/c Dr
To Sales A/c.
Inventory A/c Dr
To Liability A/c
When u manufacture a product and sell it,
Raw Material Consumed A/c Dr
To Inventory A/c
When u sell,
Debtor A/c Dr
To Sales A/c.
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