Can any one guide me how book the entries in Tally ERP 9 of the following job work related entries.
A company takes job work from principal manufacturing company for boring & machining of certain materials. This not any kind of manufacturing activities. The job worker needs to return the material after machining the same along with scrap materials and raise Job work bill for doing such work. So how to make the entries in Tally ERP 9? For better understanding I am elaborting the fact as mentioned below:-
1) A job worker (XYZ ltd) has received 9nos of S.G Rolls from principal manufacturer ( ABC Ltd) on returnable basis. Total value of material say Rs. 10,00,000/-.
2) The job worker needs to boring & machining the same and returned the 9nos of S.G rolls to ABC Ltd along with scrap of say 100 Kg of S.G Rolls & 20 nos of S.G roll cut pices
3) Raise job work bill towards maching & boring , amt of Rs. 1,00,000/-
So the entire records to be captured in Tally? Can any one guide me in this regard?
CAclubindia
