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TMI BlogSale of Raw MaterialX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected all, We are manufecturing Company. We are supplying some parts (Raw material) to our vendors for reprocessing. After Re-processing the parts, our vender send back to us on his sales invo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice. Finally, we sales the complete finished parts to our Customer. Please let me know: What will be accounting treatment for Sale of Raw material to our Vendor. Will this transaction be treat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed as Sales in our Books of Account. What is the impact on our financials. Please Explain in Detail. Best Regards. Pradeep Kaushik - Reply By Pradeep Khatri - The Reply = If you are supplying ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... part against the (Purchase Order issued by your customer) by issuing an Invoice and debiting to your customer then it would be treated as sales. At the time of receiving processed goods from your su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplier on the basis of purchase order, the supplier will issue an invoice to you, and it be treated by you as purchase. - Sale of Raw Material - Query Started By: - Pradeep Kaushik Dated:- 13-8-2012 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Accounting - Auditing - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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