Hello,
I wanted to know the treatment of Raw Materials received in job work and finished goods prepared using RM goods.
We are using ERP software (NOT TALLY) How we can treat RM that received in job worker.
Example:
RM-1 100 Kg
RM-2 150 Kg
How to increase inventory?
Do we need to create a purchase order and receive material against it? if Yes then at which price because we are not purchasing RM just received from principal.
How to reduce stock(FG) produced from RM.
Do we need to create a sales order? if yes then at which price.
My question is related to the movement of inventory.
CAclubindia
