I have a rolling Mill which produces TMT ROD, WE HAVE A RATIO FOR producing such goods.
BUT year end we have physically find less scrap as compared to calculated now can we transfer our scarp to finish good is it possible
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Replies (3)
did you already account for the scrap before realizing that it wud be less
Yes we have
how come this type of accounting procedure us followed. since scrap needs to be recorded in actuals and not estimated
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