Generating scrap
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2011
To,
All Experts
whaterver scrap generating in manufacturing co., in stock statement which is tobe prepared for the whole year then where to show closing stock of that is to be showen in raw material side or semi-finished and whatever scrap generated during the year where it has to be showen?
Please given me your valuable advice.
All Experts
whaterver scrap generating in manufacturing co., in stock statement which is tobe prepared for the whole year then where to show closing stock of that is to be showen in raw material side or semi-finished and whatever scrap generated during the year where it has to be showen?
Please given me your valuable advice.
CA. Nitin Agrawal
(Expert)
22 September 2011
Dear Anonymous
Scrap generated during the course of manufacturing is neither raw material nor finished goods. Its in nature of byproduct and to be shown separately under waste and Scrap category.
now cheers
Scrap generated during the course of manufacturing is neither raw material nor finished goods. Its in nature of byproduct and to be shown separately under waste and Scrap category.
now cheers
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