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.
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.
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