Re- sale accounting entry (goods are not finished goods)
This query is : Resolved
16 November 2015
Dear ca/cs,
if i have purchase packing material(good are not a finished goods) and i have sold to another co. to this packing material out of state. so what is accounting entry of this transaction please suggest me,
regards
suresh patel
if i have purchase packing material(good are not a finished goods) and i have sold to another co. to this packing material out of state. so what is accounting entry of this transaction please suggest me,
regards
suresh patel
16 November 2015
open one account named as "resale of packing material"
debit debtor/Cash as the case may be
credit resale of packing material
debit debtor/Cash as the case may be
credit resale of packing material
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