Hi,
I have an issues with Subcontracting Accounting entries. What happened..
for example i have 2 raw material.
RM1 100EA*10RS=1000RS
RM2 100EA*10RS=1000RS
PO price 100 EA *15rs=1500
here consumption account 2000 dr
Raw Material Stock account 2000 Cr
After that
Semi finished stock account 3500 Dr (1000+1000+1500)
Cost of goods manaufactured 3500 Cr (1000+1000+1500)
has to come..
I am getting only below entries..
Semi finished stock account 1500 Dr (1500)
Cost of goods manaufactured 1500 Cr (1500)
what is the problem where i missed out..
Can anybody explain me clearly please full accountries for that..
Arumugam.