Dear Sir,
My Company produces biscuits....
I want to know how the production and consumption entry will be made in accounts and what will be the treatment for the waste, (material damaged during the process)....???
Need all your valuable advice,,
Thanks ..........
you may create Bill of Entry or passed thrrouch stock jounal from inventory voucher from tally
waste is no value during production
sale value of wate is traeate as profit if wate is any sale value
agree with valji
Create a statement containing details of materials used
i.e.
1st couloumn - Opening stoock ( + inputs shown separately )
2nd - inwards (production for sales in units)
3rd- sales return
4th - sales
5th - closing stock
Maintain separete stock register for purchases and sales...
agreed with valji
| Stock in hand | Purchase | Consumption | Production | Balance |
|
100 Kg Flour |
500 Kg Flour |
400 Kg Flour |
680 Kg Biscuit 90 Kgs Waste |
200 Kgs Flour |
| 100 Kg Sugar | 300 Kg Sugar |
300 Kg Sugar
|
100 Kgs Sugar | |
|
60 Kg Butter |
50 Kg Butter | 70 Kg Butter | 40 Kgs Butter |
This is a model for production register.
Chirag N Shah & Associates
Mumbai
CA Inter
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CAclubindia
