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What are accounting entries in standard sub-contracting process?
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Answer / madhuraa balsaraf
Below accounting Entries are posting in Subcontracting
Debit
1. BSX : Stock a/c for assembly
2. FRL : Subcontracting Charges
3. GBB-VO : Stock a/c for Consumption of component
Credit
1. BSX- Stock a/c for component
2. WRX - GR/IR clearing a/c
3. BSV - Change in Subcontracting charges
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