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Material cost

Costing

What is material abstract?

Sreelakshmi P V

CA Final

★ 7K+

15-May-21 11:38

296

Answers (3)

Material abstract is a document which classify the records of issue of material issue, material return or transfer. Usually, the number of times the material is issued for a particular job, it is better to analyse the various requisition slips to find out the cost of material issued for particular job.

Rapolu mahathi

CA Final

★ 16K+

15-May-21 11:40

Material issue Analysis Sheet - records details of material issued, returned / transferred for each job / contract.... it will help in arriving at the cost of material used for a particular job