Vendor Payment - Sub Contracting

[former_member372876]

Hi All

We have to make the payment, to the Sub- Contractor on the per Pc bases.

How we can handle the same in PO.

What will be the a/c entry, at the time of GR and at the time of IV.

SF Goods Send

FG Goods Recived

500 / Pc Charges.

With Regards

Niti narayan

[Former Member]

Hi,

DR FG Stock/ SC By-Product Stock

CR Change in Stock (FG/ SC By-Product )

(for finished goods received)

DR Subcontracting Charges

CR GR/IR Clg

(for moneys payable to Subcontractor)

DR Consumption (Components)

CR Change in Stock (FG/ SC By-Product )

(material provided to Vendor is now charged to expense)

Regards,

LSM