Accountancy, asked by gbhatia, 1 month ago


14) The raw materials issued to a job were overestimated and the excess is being sent back to
document is required?

Answers

Answered by deva098
0

Answer:

The document required is the Materials returned note.

Explanation:

  • Usually, the materials that exist acquired for a specific job are not completely consumed or they are drawn more than necessities. The surplus amount is returned to the shops, together with a material return note.
  • The storekeeper should position the returned materials in a suitable bin. In turn, a record of the materials should also be documented in the “In” or “Received” column of the bin card.
  • Two copies of the material return note exist prepared. One copy is
  • controlled by the department that returned the materials and the other exists held by the storekeeper, who accepts the note along with the materials returned.

The raw materials allocated to a job were overestimated and the surplus is being sent back the record is needed here is the Materials returned note.

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