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Former Member
Sep 24, 2008 at 01:09 PM

Subcontracting Entries

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Dear Gurus

We are preparing a subcontracting PO. The final incoming material is valuated with Standard Price. (Rs. 50000). Subcontracting PO prepared with Rs. 55000/-. Component cost is Rs. 10000

Please let me know the accounting entries involved during MIGO.

Viral Bhinde