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Question:

Some of the extruded aluminum materials become waste, and then from the new processing into aluminum rods, shipped back extrusion aluminum, how do accounting entries?

Our company is to do aluminum extrusion, first of all, buy aluminum ingot processing into aluminum rods, and then back the company squeezed into aluminum, extrusion process has damaged, damaged from new processing into aluminum rod, how to do accounting entries?

Answer:

Outsourcing:Processing materials by entrustmentLoan raw materialPayment of processing fees:Processing materials by entrustmentTax payable - VAT - inputLoan bank depositTake back:Borrow raw materialsEntrusted processing materials
Outsourcing:Processing materials by entrustmentLoan raw materialPayment of processing fees:Processing materials by entrustmentTax payable - VAT - inputLoan bank depositTake back:Borrow raw materialsEntrusted processing materials
Outsourcing:Processing materials by entrustmentLoan raw materialPayment of processing fees:Processing materials by entrustmentTax payable - VAT - inputLoan bank depositTake back:Borrow raw materialsEntrusted processing materials

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