what is the accounting treatemnt for issuing material to a subcontractor on re

what is the accounting treatemnt for issuing material to a
subcontractor on recovery basis?

Question Posted / n.giri

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what is the accounting treatemnt for issuing material to a subcontractor on recovery basis?..

Answer / h.s.sarda

if we issuing excisable material then it will transfer on
57f4. when party supply material as it is. then 57f4 will
be closed. there is no accounting entry prepaired. if party
not send the material then the material cost debited to
party.

Is This Answer Correct ?

7 Yes

2 No

what is the accounting treatemnt for issuing material to a subcontractor on recovery basis?..

Answer / nancy arora

Sub-Contractor A/C Dr
To Materials A/c

Is This Answer Correct ?

6 Yes

2 No

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