Under which head these expenses wil be shown
This query is : Resolved
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16 April 2021
we are a manufacturing concern and we are taking the labour on contract for filling the raw materials into the bags.we are making the payment directly to the contractor..under which head these expenses will be show and what will be journal entry for it.
16 April 2021
Treat it as direct labour costs.
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17 April 2021
debit it to Wages A/c
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