how many finice documents will system generates when goods
reciept from subcontracting made.
Answers were Sorted based on User's Feedback
Answer / narendra deshmukh
ONLY ONE ACCOUNTING DOCUMENT IS GENERATE,
THAT DOCUMENT CONTAINS SIX POSTING LINES
INVENTORY OF SEMIFINISH
GR/IR
CHANGE OF STOCK
SUBCONTRACT LAB.
CONS. OF RAW MAT.
INVENTORY OF RAW MATERIAL
REGARDS,
NARENDRA DESHMUKH
Is This Answer Correct ? | 8 Yes | 0 No |
Answer / laxman kamulugari
In Subcontracting process once accounting document created
but six line items i.e
If Raw material
Invetory - Bsx - cr
Stock issu to subcontracyor - GBB-VBO - Dr
If Finished goods
Inventory - bsx - Dr
Change in stock - Bsv- Cr
Services
Purchase service - Bsa - Dr
Gr/Ir A/c - Wrx - Cr
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / jack
For Subcontracting process these are the Accounting entries
we are identifying.
DR FG Stock/ SC By-Product Stock BSX
CR Change in Stock (FG/ SC By-Product ) (BSV)
(for finished goods received)
DR Subcontracting Charges (FRL)
CR GR/IR Clg (WRX)
(for moneys payable to Subcontractor)
DR Consumption (Components) GBB (VBO)
CR Change in Stock (FG/ SC By-Product ) BSX
(material provided to Vendor is now charged to expense)
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / basavaraj hiremath
If our po contents 2 components(which are to be sent for
subcontract) and 1 fg(which is to be received from
subcontract after job work) following accounting documnts
will be generated(8 a/c documents)
1. Stock A/c for FG - (+Dr)
2. GR/IR A/c - (-Cr)
3. Cost of FG - (-Cr)
4. Sub contract charges/Labour charges - (+Dr)
5. Consumption of Compenent-1 - (+Dr)
6. Stock A/c of Component-1(-Cr)
7. Consumption of Compenent-2 - (+Dr)
8. Stock A/c of Component-2(-Cr)
Above 8 documents are created when GR is happened.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sathya
While we are doing subcontract GRN,material document of the
finshed product and the service charges of the finished
product will generate according to the subcontracting P.O.
to the vendor.
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / sowmya
only one accounting document with six posting lines is
generated
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / sathya
Only one acccounting document will generate that too with
reference of subcontracting P.O to the vendor
Is This Answer Correct ? | 1 Yes | 3 No |
Answer / mohan
Only one Accounting Doc will generate
but posting lines is depends upon components
Is This Answer Correct ? | 2 Yes | 10 No |
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