MINIMUM QUANTITY CONTRACT ISSUE
This query is : Resolved
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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.
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.
04 May 2021
It's compensation for not acchiving contacted production.
04 May 2021
Raman Sir
Tks with kindest regards. Thank you very correct word you have suggested.
Tks with kindest regards. Thank you very correct word you have suggested.
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