accounting & disposal of scraps and condemned plant/machineries
DESCRIPTION
ACCOUNTING & DISPOSAL OF SCRAPS AND CONDEMNED PLANT/MACHINERIES. Prepared by : IA.GSF. ACCOUNTING/DISPOSAL/SALE OF SCRAPS, PLANT & MACHINERIES. PURPOSE TO CLEAR UP BLOCKED CAPITAL & GENERATE REVENUE. TO REDUCE STORAGE SPACE & COST OF MAINTENANCE. ACCOUNTING/DISPOSAL/SALE OF SCRAPS. - PowerPoint PPT PresentationTRANSCRIPT
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Prepared by : IA.GSF
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PURPOSE TO CLEAR UP BLOCKED CAPITAL & GENERATE REVENUE.
TO REDUCE STORAGE SPACE & COST OF MAINTENANCE.
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CATEGORIES OF SCRAP
SERVICEABLE SURPLUS-NOT REQUIRED BY FACTORIES.
REPAIRABLE STORES. UNSERVICEABLE ITEMS. SCRAP GENERATED BY PRODUCTION. UNSERVICEABLE PLANT AND MACHINERY. WASTE PRODUCTS LIKE COAL, ASH, SAWDUST
ETC.
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BY FACTORYDGS&D THROUGH OF BOARDMETAL & SCRAP TRADING CORP.
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ISSUE TO SISTER FACTORYISSUE TO MILITARY ORG, GOVT.
DEPOTS & PSUSISSUE TO PRIVATE CONTRACTORS.DISPOSAL BY PUBLIC AUCTIONDISPOSAL BY ADVERTISED TENDER
ENQ.DISPOSAL THRO DGS&D & MSTC.
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PLANT & MACHINERIESSERVICEABLE (THRO M.A.S)REPAIRABLEBEYOND ECONOMICAL REPAIR
MT VEHICLESLIGHT VEH - 1,50,000 KMS/7 YEARSVAN/TRUCK - ----DO----JEEP, TRUCK 1/1.5T ----DO----TRUCK 3/5/7/7.5 T 1,08,000 KMS/7
YEARSTRACTOR/DUMPER 22,000/7 YEARS
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MATTERS INCIDENTAL TO DISPOSAL
GROUND RENT
BELATED PAYMENT
EARNEST MONEY
SECURITY DEPOSIT
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ACCOUNTING BY BRANCH AOs
VERIFICATION OF LIFTING ORDERS BY MATERIAL SECTION.PREPARATION OF PUNCHING MEDIA.VERIFICATION OF QUANTITY FROM ISSUE VOUCHER.RECORDING SALE PROCEED IN THE SALE
REGISTER.ADJUSTMENT IN THE P.S.A OF DIFFERENCE OF RATE
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AUDIT POINTS
CHECK BIN CARDS.CHECK RESERVE PRICE OF EACH ITEM.CHECK REALISATION OF GROUND RENT.CHECK IF LIFTING ORDER IS SHORT CLOSED.OBJECTION MAY BE RAISED IN CASE OF METAL SCRAPS GENERATED ARE NOT SENT TO MSF FOR PROCESSING.