chahan vora (CA Finalist) (44 Points)
13 January 2018
prasad Nilugal
( GST Practitioner & Accounts )
(14861 Points)
Replied 13 January 2018
You show the stock as follows
1) Raw Material - paper in stock
2) Work in progress - work in progess stock paper
3) Finished Goods - Box in stock
satish
(teaching)
(2046 Points)
Replied 13 January 2018
first of all- check weather company created accounts only. if it is accounts only alter that into accounts with inventory.
then you can pass inventory voucher - for conversion of raw material into finished goods.
when sent for manufacturing - quantity of rawmaterial to be decrease and finished goods to be increase.
by passing inventory vocher - software will take care about adjustments of quantity in Raw material and finished goods.
Anoop KUMAR
(Accounts Manager)
(24 Points)
Replied 20 January 2018
1.Inventory voucher
2.Manufacturing Journal
3. Give the finished goods qty in Numbers
4. Give the consumption qty in Kgs.
5. Select the direct expense for getting cost per piece.
CAclubindia
