Hello All
Please help me undermentioned problem. thanks in advance.
Scenario
(i) The company planned to buy Solid Combustible Material (SCM) from Fauji Cement Co. Ltd. (FCCL);
(ii) For such purpose, as per agreement, has to arrange its own loading and transportation (LnT) from the supplier?s site;
(iii) Accordingly, the supplier providing LnT services would be different from the supplier of SCM; and
(iv) The purchase department would be issuing PO for SCM to FCCL and a separate PO for LnT to 3rd party.
Requirement
(i) The costs of LnT has to be part of the cost of SCM;
(ii) The total cost of SCM (including material cost and LnT cost) would be charged to single account code in the series of 52 (manufacturing expenses); and
(iii) The tax deduction rates for material cost, loading cost and transportation cost are all different and should be applied accordingly.
Material Cost (including Land transportation)
-
- Posts: 80
- Joined: Sat Feb 21, 2009 11:40 am
- Location: Pakistan
Who is online
Users browsing this forum: No registered users and 7 guests