Question

work is under taken with the order consumer under​

Answer 1

ANY PERSON WHO OBTAINS THE GOODS FOR 'RESALE' OR COMMERCIAL PURPOSES' IS NOT A CONSUMER - The term 'for resale' implies that the goods are brought for the purpose of selling them, and the expression 'for commercial purpose' is intended to cover cases other than those of resale of goods.

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Answer 2

Work is undertaken with the order of consumers under Job Costing.

• Job costing is defined as a method rather than a process to record the costs of a production job. This approach is applicable to consumers as work is carried out.
• This process is used in the printing press and interior decoration of repair shops, etc.
• It further includes -

1. Manufacturing products as per the specific requirements of the customer.
2. Fabrication of products, when raw materials are supplied by customers.
3. Repairing work at customer/factory premises.
4. Jobs concerned with internal capital expenditure.