Job work

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2011 What is/are the accounting treatment/consequenses if 1000pcs of material offered for jobwork but only 500 pcs are sent by the Co.,bill is raised by jobworker on 1000 pcs & Co. has received the bill. If in such a case Co. paid for 500pcs Then what will be the consequenses.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 January 2011 How it possible to double the quantity. please elaborate your query

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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09 January 2011 If payment to be relaesed for 1000 units as per terms , expenditure to be booked for 1000 units.

Accounting depends what is the transaction in terms of money.

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Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2011 In such a case if co. paid for 500pcs Then what will be the consequenses