Job work
This query is : Resolved
18 June 2015
I am currently auditing the accounts of jewwellrs. problem is they send gold, purchased from individual customer for job work but the entry made for the quantity only, gold (raw) is credited but the amt remain same. now when the mat is received then mat receipt voucher for gold (fine)is created by quantity only so it is right & what about the amt outstanding in gold (raw) account. if any other treatment is possible please tell. because it affect the profit.
18 June 2015
To the extent of gold(raw) utilized in making gold(fine), gold(raw) qty to be reduced).
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