A company purchase bottles from outsiders and the same comes in poly bags. The company sells these poly bags and accounts the same as scrap sales???If no, how should the company show the same in the books of accounts??
Note: The bottles are raw materials for the company whereas the poly bags are not raw materials.
It should be treated as Indirect Income.
RBSM Corporate Advisors Private Limited
Pune
CA
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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CCI
Pro
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