Manufacturing
Sale of Production Scrap (By-product)
Recording the sale of metal shavings or waste wood from the factory floor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 80.00 | - |
| Other Income (Scrap Sales) | Revenue (+) | - | 80.00 |
💡 Accountant's Note
Small amounts of waste material sold are typically recorded as 'Other Income'. If the amount is massive, it can be used to reduce the Cost of Goods Sold for the main product.
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