TaxTMI 
TaxTMI 
Sale of Raw Material
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....ale of Raw Material<br> Query (Issue) Started By: - Pradeep Kaushik Dated:- 13-8-2012 Last Reply Date:- 13-8-2012 Accounting - Auditing<br>Got 1 Reply<br>Companies Law<br>Respected all, We are manufe....
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....cturing 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 invoice. Finally, we sales the com....
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....plete 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 treated as Sales in our Books of Account....
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..... 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 part against the (Purchase Order issued by....
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.... 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 supplier on the basis of purchase order, the ....
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....supplier will issue an invoice to you, and it be treated by you as purchase.<br> Discussion Forum - Knowledge Sharing ....