what is the accounting journal for subcontractor during goods
received



what is the accounting journal for subcontractor during goods received..

Answer / prasad

(i) Consumtion of Raw Material a/c DR (VBO)
Stock a/c CR(BSX)
(ii) Purchase Labour Charges a/c Dr,Cr, (FRL,WRX)
(iii) Stock FG Dr (BSX)
Material Change Cr (BSV)

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