Factory cost reduce by order wise process review is common tools and technique for RMG sectors. If any factory didn’t maintained his cost or recovered CPM (Cost Per Minute) by followup top authority or several policy, than factory cost reduce by order wise individual process review and followup. The below …
Read More »Advance Payment to Supplier With VAT & Tax Accounting Journal Entries
Advance Payment to Supplier With VAT & Tax Accounting Journal Entries is the best way to maintain the creditors account. The entry now is to debit the Advance to supplier account which is under current assets & credit the account by the name of supplier, close the Advances to supplier …
Read More »Work Station and Activity Process in RMG Sectors
Work Station and Activity Process in RMG Sectors is a special space designed for Production or source of revenue. Intended primarily to be used by one person & One machine at a time or individually a machine or a men, they are commonly connected to a line area and link …
Read More »The Bill of Entry, what are stay in the bill of entry.
The Bill of Entry, what are stay in the bill of entry. An account of goods, when it Import and Export by the customhouse, detailing with the merchant, quantity of goods, their types, and the place of origin or beneficiary. It is issued from the customs presenting the total assigned …
Read More »The Pandemic Covid-19 (Corona Virus) situation in RMG Sectors
The Pandemic Covid-19 (Corona Virus) situation in RMG Sectors. After Rana plaza incident back in 2013 almost all the brands across the world decided to setup a cluster to establish factory standard. From Infrastructure to worker safety everything was brought under perimeter & rating. Platinum, Gold, Silver such classifications were …
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