Re: Sub Contract postings

Question

Hi Gurus,
Here i Posted some documents for sub con process in 4.6c. weather these postings correct or not anybody can tell me:
Subcon po: xxxxx3
Goods Issue: xxxxx1 (no accounting document)
Challan: X2, 2007, s2
Goods Receipt: XXXXXX3 (FI doc 0222)
Qty reconcilled (1.050)
above fi doc posted like this:
89 xxxxxx   Work in progress                                      0.25
96 xxxxxx   GRC                          xxxxx10                100.00
91 xxxxxx   Clearing acc.subcont                                  0.25
86 xxxxxx   Subcontracting                                      100.00
99 xxxxxx   Raw materials                                        12.61
81 xxxxxx   Clearing acc.subcont                                 12.61
is this entry correct?? give me advice please........
Scrap = 0.050, reversal qty: 0.050
Calculation:
1000g = 100 INR (amount)
Goods Issued > 1050 g
Goods Received > 1000 g
Out of the Goods Received, Goods Scrapped  was > 50 g = 5 INR (amount)
16% BED on the Scrapped product = 0.80 INR
Ecs ON BED = 0.02 INR
Reverse credit (due to scrap)
FI doc generated: xxx91
50 xxxx0001   Excise BED  RG23ABED                    I0            0.80-
50 xxxx0005   Excise RG23A ECess                      I0            0.02-
40 xxxx9999   CENVAT OFFSET ACCT                      I0            0.82
kindly give the suggetions and advices in this regard.
Assign full points for answers.

Answer 1

Raghav,
What about price control of material?
PO Qty = 1050 G
Order Value = 1000 (What)
Price = 100 (What Unit).
Please give me accurate value in terms of
Order Value = Order Qty * Order Price Unit.