Construction
Sale of Manufacturing Scrap Metal
Recording the miscellaneous income from selling byproduct or waste materials from production.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 120.00 | - |
| Other Income (Scrap Sales) | Revenue (+) | - | 120.00 |
💡 Accountant's Note
If the scrap value is significant, it can be used to reduce the cost of the main product; otherwise, it is recorded as 'Other Income'.
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