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Factory exp

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Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2013 small spare parts bought for factory work will go to which a/c ? what journal entry to be passed?

Anil Sankar V

Anil Sankar V (Expert)
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11 July 2013 why journal, use purchase or payment voucher.what is the purpose of small spare parts used in the manufacture of products or for any other..?

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2013 it has been used for manufacture of the company products...for eg. grinding disc

Anil Sankar V

Anil Sankar V (Expert)
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13 July 2013 It is expenditure, if it is for maintenance purpose.if purchasing for the 1st time, consolidate the value of small spare parts into one a/c.

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