sale of scrap
This query is : Resolved
28 December 2010
Dear All,
In any manufacturing ltd.company.What is the right way to show the sale of scrap? Whether it should be dedcuted from the purchases of manufacturing A/C or show as sale in manufacturing A/c.
Regards,
In any manufacturing ltd.company.What is the right way to show the sale of scrap? Whether it should be dedcuted from the purchases of manufacturing A/C or show as sale in manufacturing A/c.
Regards,
29 December 2010
The right way is to show as Sales. This is equally valid from Sales Tax point of view also.
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