manik (ca in practice) (420 Points)
21 January 2013one of our clients is in rice business, they purchase paddy directly from the farmers through various offices opened in different mandies and then transfer it to the factory ( H.O.)through transfer challans , my question is how to treat the shortage of material received from branch to head office . pls explain
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 11 February 2013
Dear
Controlling should start from inward stage viz., desitnation tobe mentioned in theri inward chalans and copy to be forwarded to you. On the contrary shortage to be accounted to the individual destinations.
For example if ou received 10 bags from say "Tanjore" your inward chalan should have the reference as "xyz/Tanj/001-12/13 dt: so that picking the orgin and checking the qty is easy. Sending all the Orginalor Copy of all inward chalans to H O is a must to corelate.
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