Factory exp

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Querist : Anonymous

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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?

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..?

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2013 it has been used for manufacture of the company products...for eg. grinding disc

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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