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Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2010 Pls explain me below things,

raw material
stock in process
finished goods
stores items
spares items

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2010 raw material means unfinished goods used in the manufacture of a product.

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2010 THANKS PLS REPLY ANOTHERS

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CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2010 stock in process means partially completed goods, parts, or subassemblies that are no longer part of the raw materials inventory and not yet part of the finished products inventory.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2010 finished goods means completely manufactured products which ready for sale and delivery to the marketplace.

Anurag Agarwal

Anurag Agarwal (Expert)
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24 March 2010 raw material: Just purchased not introduced in production cycle.
stock in process: under production cycle
finished goods: producion cycle completed
stores items: : General consumable items used in production.
spares items:Extra parts kept for machinery in spare to be used in case of need

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2010 thank you once again and what about spares items & stores items.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2010 stores items: means general consumable items used in production

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CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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24 March 2010 spares items are extra parts kept for machinery in spare to be used in case of need

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2010 thanks to all

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2010 If I have Engineering workshop where I develop/manu.facture crushing machine,small machine. ok
which parts are my raw material & which are my consumable items.?

thanks alot.

Anurag Agarwal

Anurag Agarwal (Expert)
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24 March 2010 I think while asking the Query You should have told these facts :

Raw material will be ur rods, sheets, old machine parts used

and consumables items like welding rods, used cloth, greese etc

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 March 2010 raw material : Material used for produce the Finished goods
stock in process: it is an raw material under process for finished goods
finished goods : it is a final product
stores items : Products stored in stores
spares items : it is a sundry items