MINIMUM QUANTITY CONTRACT ISSUE

This query is : Resolved

TARIQUE RIZVI (Querist)
Follow

04 May 2021 Respected Sirs,

Please guide me and oblige.

MINIMUM QUANTITY 300 TON PRODUCTIONS PER MONTH
================================================
As per the contract production of 300 Tons should be effected. The contractor produced 200 Tons only but the contractor will have to pay the cost of 100 Ton production. What will be the term for 100 ton production as follows?

Contract balance 100 ton
Balance contract 100 ton
Skipped Quantity 100 ton
Balance Quantity 100 ton
Unfrozen Quantity 100 ton
Unused balance 100 ton
As under what head of accounts the 100 ton quantity shall be reflected in profit & loss account. Actually it is one kind of loss allowable in Profit & Loss Account.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

04 May 2021 It's compensation for not acchiving contacted production.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
Follow

04 May 2021 Raman Sir
Tks with kindest regards. Thank you very correct word you have suggested.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SUMAN SAHA

rajeev koolwal

Frank

Vishal Dave

DEEPAK BHARGAVA

Subscribe Now

MINIMUM QUANTITY CONTRACT ISSUE

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT

Accountant

Senior Executive

CA Final