Procedure for grouping & entry
This query is : Resolved
Mukeshh Agarwal
(Querist)
07 March 2009
Hi all...had a query..hope u can help me out.
Say a construction company XYZ has 2 project sites called A & B. C is the head office. A supplier say RAM supplies materials to both sites & some to head office. He is paid money by head office : 2.00 lac for Site A , 3.00 for site B, 1.00 for C.
I wud like to know the amount given to RAM in acocunt of diff. sites. & likewise for other suppliers . Suppose if i open ledger for SITE A ..i shud c suppliers RAM, SHYAM ..etc and theier amounts respectively . I require the procedure of grouping into groups/ledger and way of accounting. I hope my query is clear
Say a construction company XYZ has 2 project sites called A & B. C is the head office. A supplier say RAM supplies materials to both sites & some to head office. He is paid money by head office : 2.00 lac for Site A , 3.00 for site B, 1.00 for C.
I wud like to know the amount given to RAM in acocunt of diff. sites. & likewise for other suppliers . Suppose if i open ledger for SITE A ..i shud c suppliers RAM, SHYAM ..etc and theier amounts respectively . I require the procedure of grouping into groups/ledger and way of accounting. I hope my query is clear
CA.Tarun Maheshwari
(Expert)
08 March 2009
Better way is to make cost centres. Site A and Site B shall be two different cost centres. You have to book the expense/payment etc. in the respective cost centre itself.
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