INVENTORY

News

Empanelment for preparation of manual on financial management of AIIMS


Normal 0 false false false EN US X NONE X NONE MicrosoftInternetExplorer4 Style Definitions table MsoNormalTable mso style name Table Normal mso tstyle rowband size 0 mso tstyle colband size 0 mso style noshow yes mso style priority 99 mso style qformat yes mso style parent mso padding alt 0in

More News



Experts Opinions

Valuation of inventory in sea food industry/ hatchery firms


Hi all Please provide your advice with regard to valuation of inventory closing stock in sea food industy hathery firms Can we apply AS 2 for valuation of inventory is there guidance note issued by ICAI

Inventory write down for retail proprietor


I want to show inventory write down in my p l statement I am a readymade garments proprietor Purpose of my inventory write down is because the resale value of such stock is decreases year by year Can anyone help me how to calculate fair value of my stock and how to show the write down in my official

inventory consumption mathod


dear all please tell me that material consumption maghod in case of fg and sfg in manufacturing ed ING company

Posting of spares inventory which is showed as consumed but subsequently refurbished and put to use


Are there any specific guidelines to post spares inventory which is consumed as it aids in production process but subsequently physically the spares is intact and can be put to use after refurbishment even if the useful life of said spares material is over

Inventory valuation in case of branch transfers


A Ltd is into wholesale business It has branches in Bangalore and Mumbai Majority of its sales are in Mumbai It imports goods in Mumbai rate of Rs 500 each It sells the same in Bangalore The cost of transport from Mumbai to Bangalore is Rs 2 per article The net realisable value is Rs 520 per article

Discussion

Valuation of inventory under icds

ICDS on valuation of inventory states that the cost of purchase must include all duties and taxes This is in sharp contrast with AS2 where only non recoverable taxes are included If we include VAT Excise in cost of materials of which credit is already taken it will lead to double taxation by way of

Inventory write down

I want to show inventory write down in my p l statement I am a readymade garments proprietor Purpose of my inventory write down is because the resale value of such stock is decreases year by year Can anyone help me how to calculate fair value of my stock and how to show the write down in my official

Inventory accounting

If at at the time of physical verification any difference is found in inventory what entries do we pass to correct the same

Inventory valuation in case of branch transfers

A Ltd is into wholesale business It has branches in Bangalore and Mumbai It imports goods in Mumbai rate of Rs 500 each It sells the same in Bangalore The cost of transport from Mumbai to Bangalore is Rs 2 per article The net realisable value is Rs 520 per article Should the inventory be valued at R

Tax effect on transfer of inventory to sec 8 company

Is there any tax benefit on transfer of inventory being land of a real estate company to sec 8 company Rea

More Messages






File Download

  • Accounting Inventory Software

    SMART ACCOUNTANT A Premium Accounting Software
  • Financial Accounting and Tally ERP 9

    Financial accounting Introduction Journal entry Tally Introduction Creating company Creating ledger Voucher entry Inventory Vat TDS tcs
  • CPT- Inventories

    Conceptual problems to give complete knowledge about Inventories chapter from first page to last page I give first priority to concepts Thanks
  • Ind AS 2

    Inventory
  • Inventory FIFO Calculation

    The major problem of SAP is Stock cannot be maintained at FIFO Basis I created this formula to calculate Stock at FIFO Basis through Purchase register

More Files

Articles

Analysis on inventory turnover ratio & holding level


adsbygoogle window adsbygoogle push MANU CONVERSATION BETWEEN MANU AND VINU ABOUT INVENTORY TURNOVER RATIO HOLDING LEVEL VINU Manu Hi Vinu Vinu Manu I am desperately waiting for you Manu Why Whats the matter Vinu My Boss and his brother started business at same time Manu Yes I Know Vinu They are in


Material Procurement - Inventory levels & EOQ


Material Procurement Inventory Levels EOQ An important function of Stores is to requisition materials for replenishment The following tools help Stores to maintain required inventory and to guide on reorder quantity Let us discuss each of the above in detail Maximum Level a It is the upper limit bey


Provision for Inventory


Write down and do not write off Inventory Review of the Rule 3 5B of Cenvat Credit Rules 2004 Change of models customer requirements change of processes poor inventory management can increase a businesss obsolete inventory levels In such cases the best accounting practices suggest writing off provis


Inventory Valuations and Board of Director's Responsibility


INVENTORY VALUATIONS AND BOARD OF DIRECTORS RESPONSIBILITY 2011 12 ONWARD UNDER NEW COST ACCOUNTING RECORD RULES 2011 Inventory valuation is one of the most important task in the accounts finalization process The difference in inventory valuation methods may sometimes lead to the distortions in the


Inventory write downs vis-a-vis Rule 3 (5b) of CCR


Inventories are measured at the lower of cost or net realizable value NRV If the NRV falls below the recognized costs pf an inventory item the respective inventory items must be measured Inventory write downs should reflect the estimated loss in value NRV values are not constant and may change The m


More Articles


Updated on : 4/27/2017 4:11:12 AM


CCI online Coaching


KPMG



GSTSUTRA


CCI Jobs

×
close x
Download GST App    |    x