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Microlesson · 5-min read

Additional Journal Entries – Direct Issues, Returns and Losses

# Additional Entries in Cost Books

These cover special situations such as direct issue of RM, returns, normal vs abnormal losses, and inter-job transfers.

#TransactionIntegrated SystemNon-Integrated System
iRM directly issued to production (not via stores)WIP Control Dr — To Cash/BankWIP Control Dr — To Gen Ledg Adj
iiRM returned to supplierCash/Bank Dr — To RM ControlGen Ledg Adj Dr — To RM Control
iiiExcess RM returned by production deptRM Control Dr — To WIP ControlSame
ivNormal loss of RMFOH Control Dr — To RM ControlSame
vNormal loss of wagesFOH Control Dr — To Wages ControlSame
viAbnormal loss of RMCosting P/L Dr + Bank Dr — To RM ControlCosting P/L Dr — To RM Control
viAbnormal loss of wagesCosting P/L Dr + Bank Dr — To Wages ControlCosting P/L Dr — To Wages Control
viiTransfer of material/labour from one job to anotherNO ENTRYNO ENTRY

## Key Principles

1. Normal losses → absorbed by production → debit FOH Control (becomes part of overhead).

2. Abnormal losses → not part of cost → debit Costing P/L (charged to profit).

3. Under the integrated system, any insurance recovery on abnormal loss is debited to Bank; in the non-integrated system this recovery sits in the financial books, so only the net loss hits Costing P/L.

4. Inter-job transfer is just a re-classification within WIP – no accounting entry is required.

Worked example

### Example 1

Example – Abnormal loss of RM under Integrated System

RM of ₹40,000 destroyed by fire; insurer admits ₹25,000.

```

Costing P/L a/c Dr 15,000

Bank a/c Dr 25,000

To RM Control a/c 40,000

```

Under the non-integrated system the bank entry is in the financial books, so cost books simply record:

```

Costing P/L a/c Dr 15,000

To RM Control a/c 15,000 (only the net loss)

```

### Example 2

Example – Normal Loss of Wages

Idle time of ₹3,000 treated as normal.

```

FOH Control a/c Dr 3,000

To Wages Control a/c 3,000

```

⚠️ Common exam mistakes

  • Passing an entry for transfer between jobs – nothing should be recorded; only the job cost sheets are updated.
  • Charging abnormal loss to FOH (would distort overhead rates) instead of Costing P/L.
  • Forgetting the Bank debit (insurance recovery) in the integrated system entry for abnormal loss.
Reference:
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