cost of normal waste of material under contact costing is
debit to :
1)contract a/c
2) trading a/c
3) matrial a/c
4) profit and loss a/c
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Answer Posted / h.r. sreepada bhagi
1. Cost of normal waste is to be debited to the Contract A/c
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What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
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