06 March 2017
Are there any specific guidelines to post spares inventory which is consumed, as it aids in production process but subsequently physically the spares is intact and can be put to use after refurbishment even if the useful life of said spares material is over.
06 March 2017
Even if the spares is intact, you have already shown the spares as consumables. Thus, no further transaction entry is needed to be passed for the purpose.
06 March 2017
No it has been showed as consumed i.e. Issued for consumption so as per records it has no inventory but after refurbishment it is now reusable
CAclubindia
