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When issue material for subcontract order what general
entry is generated what movement type have to configure and
after receving the material when subcontract work is
completed what journal entry generated and what movement
type have to configure
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Answer Posted / guest
WHen u issue material for subcontract order Movement 541 to
be configure and the stock is transfered from own stock to
vendor's stock. No financial entry get generated.
When u receive the material from subcontact, 101 & 543
movement will happeend.
Finish goods inventory -- dr ( Movement 101 )
Conversion charges -- dr ( Movement 101 )
WIP/Change inventory -- cr ( Movement 101 )
Raw material consumption -- dr ( Movement 543 )
Raw material inventory -- cr ( Movement 543 )
cheers
| Is This Answer Correct ? | 6 Yes | 2 No |
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