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| Corporate Practice bd |
Transfer (In-House) Journal (Raw Material) -Inventory- Accounting:
An In-House Transfer Journal for raw materials is used to document the movement of raw materials from one department or location within a company to another. This helps in tracking inventory levels, ensuring accurate cost allocation, and maintaining proper records of internal transfers.
Table of contents:
1. ABC company LTD received Raw material from XYZ Company LTD our sister concern.
2. XYZ Company LTD send Raw material to ABC company LTD our sister concern.
Voucher No. 01
ABC company LTD received Raw material from XYZ Company LTD our sister concern.
In the Books of ABC company LTD
|
Ledger Name |
Debit (TK) |
Credit (TK) |
Remarks |
|
Inventory Account
|
***** |
|
|
|
Loan from XYZ Company LTD(Raw Material) |
|
***** |
|
Narration:
ABC company LTD received Raw material from XYZ Company LTD our sister concern:
In the Books of XYZ Company LTD
|
Ledger Name |
Debit (TK) |
Credit (TK) |
Remarks |
|
Loan to ABC company LTD (Raw Material) |
***** |
|
|
|
Inventory Account |
|
***** |
|
Narration:
XYZ Company LTD Transfer raw materials to ABC company LTD our sister concern.
Voucher No. 02
XYZ Company LTD send Raw material to ABC company LTD our sister concern:
In the Books of XYZ Company LTD
|
Ledger Name |
Debit (TK) |
Credit (TK) |
Remarks |
|
Loan to ABC company LTD |
***** |
|
|
|
Inventory Account |
|
***** |
|
Narration:
XYZ Company LTD send Raw material to ABC company LTD our sister concern.
In the Books of ABC company LTD
|
Ledger Name |
Debit (TK) |
Credit (TK) |
Remarks |
|
Inventory Account |
***** |
|
|
|
XYZ Company LTD |
|
***** |
|
Narration:
XYZ Company LTD Transfer raw materials to ABC company LTD our sister concern.