enteries of scrap 13 november 2012
TRANSCRIPT
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8/12/2019 Enteries of Scrap 13 November 2012
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Date: 13 November, 2012
TO BE DISCUSSED
SCRAP PROCESS
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1. Scraping of Store Stock itemsMR for issuance of Scrap Material
Description Dr CrClearing A/C 100
Store Stock A/C 100
(Store Stock Account will be credit on the company average rate)
DA for Scrap material returned in store
Description Dr Cr
Scrap Clearing A/C 100
Clearing A/C 100
(Same current company average rate will be given manually for scrap material receiving in the system
on the basis of scrap categories)
DA for Scrap Material Issuance to Bidder
Description Dr Cr
Scrap Job (06/0410) A/C 100
Scrap Clearing A/C 100
(After bidding scrap material will be issued from stock to bidder on same current average rate)
* All clearing accounts will be nullify with manually using same current company average rate.
JV for Sale of Scrap material to Bidder
Description Dr Cr
Receivable A/C 60
Gain/Loss of Scrap A/C 40
Scrap Job (06/0410) A/C 100
(JV will be entered in the GL of oracle as per current practice)
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2. MetersIssuance for Metering Workshop:
MR for Central metering workshop
Description Dr CrJob Central metering workshop A/C XXX
Store Stock A/C XXX
Receiving Repaired Meter in shock:
MRV from Central metering workshop
Description Dr Cr
Store Stock A/C XXX
Job Central metering workshop A/C XXX
Receiving Scrap Meters in Scrap:
DA/ 9A/9Z for Scrap
Description Dr Cr
Scrap Clearing A/C XXX
Job Central Metering Workshop A/C XXX
(Same current company average rate will be given manually for scrap material receiving in the system
on the basis of scrap categories)
DA for Scrap Material Issuance to Bidder
Description Dr Cr
Scrap Job (06/0410) A/C XXX
Scrap Clearing A/C XXX
(After bidding scrap material will be issued from stock to bidder on same current average rate)
* All clearing accounts will be nullify with using same current company average rate.
JV for Sale of Scrap material to Bidder
Description Dr Cr
Receivable A/C XXX
Gain/Loss of Scrap A/C XXX
Scrap Job (06/0410) A/C XXX
(JV will be entered in the GL of oracle as per current practice)
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3. Scraping of Material Returned by indenter include 16 year old metersMR for material Issuance to Indenter:
Description Dr Cr
Job (Job required on which material issued ) A/C XXX
Store Stock A/C XXX
DA for Material
Description Dr Cr
Scrap Clearing A/C XXX
Job (Job required on which material issued ) A/C XXX
(Manual value for scrap will be used during transactions on the basis of scrap categories)
DA for Scrap Material Issuance to Bidder
Description Dr Cr
Scrap Job (06/0410) A/C XXX
Scrap Clearing A/C XXX
(After bidding scrap material will be issued from stock to bidder on same current average rate)
* All clearing accounts will be nullify with using same current company average rate.
JV for Sale of Scrap material to Bidder
Description Dr Cr
Receivable A/C XXX
Gain/Loss of Scrap A/C XXX
Scrap Job (06/0410) A/C XXX
(JV will be entered in the GL of oracle as per current practice)