banner_ad

MINIMUM QUANTITY CONTRACT ISSUE

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 May 2021 It's compensation for not acchiving contacted production.
Profile Image

TARIQUE RIZVI

Profile Image

TARIQUE RIZVI (Querist)
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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
CHARTERED ACCOUNTANT ARTICLE ASSISTANT

KPRS And Associates

New Delhi

CA Inter

View Details