INVENTORY

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Empanelment for preparation of manual on financial management of AIIMS


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Experts Opinions

why require to close month for Inventory transaction


we are now not close Inventory book monthly or close month for Inventory transaction we are asked to implement this therefore my question are 1 what the benefit of monthly closer of inventory book 2 if not close the inventory book monthly what is disadvantage please guide

Opening inventory valution


As per AS 2 we need to be value closing stock as cost or net realizable value which ever is lower we are maintaining the difference value as provision but in our company opening stock is valued as net realizable value as we already provision was taken Please help me how to value the opening stock of

inventory cost to include interest paid to vendors for delayed payment, forex fluctuation impact


dear team please explain with reference to AS whetjer inventory cost include following interest paid to vendors for delayed payments against good purchased forex loss on payment yo creditors in foreign currency against inventory purchases NOTE INVENTORY PURCHASED OS CLOTHES kindly do the needful

reversal of ITC on unused inventory peior to 1 year


in manufacturing unit if we have unused stock of raw material prior to 1 year and we avail ITC at the time of purchase now in Gst ITC will be reversed

As 2 valuation of inventory


For Example Purchase Cost of product is 100 It sold for 110 after that Customer returned the goods but 25 Deducted from customer Refund only 82 50 My Question is What will be the inventory value at the end of these transaction and is there any deference in IFRS

Discussion

Gst return file with inventory basis

GST Return File with Inventory Basis

what is the benefit of monthly closer of inventory book

we are now not close Inventory book monthly or close month for Inventory transaction we are asked to implement this therefore my question are1 what the benefit of monthly closer of inventory book 2 if not close the inventory book monthly what is disadvantage please guide

Gst inventory credit

Kindly explain me is it necessary to pass excise cr to customer by examining the following example WORKING OF COST IN GST WORKING OF COST BEFORE GST BASIC PRICE 100 00 BASIC PRICE 100 00 ADD EXCISE 12 50 12 50 ADD EXCISE 12 50 12 50 SUB TOTAL 112 50 SUB TOTAL 112 50 ADD CST 2 2 25 ADD CST 2 2 25 COS

ITC on Inventory n for VAT +Service Tax

Sir we have stock of fabrics n unstiched n semistched goods ready to sale earlier no any tax on fabrics we paid vat on packing materials and service tax paid on services so plz tell me about credit of inventoryvat paidservice tax paid thanks

Valuation of inventory as per icds ii

IS THERE ANY ADDITION OF VAT AND EXCISE DUTY IN THE VALUATION OF CLOSING STOCK AS PER ICDS EVEN IF WE HAVE CREDIT FOR THE SAME AND IF NOT WHAT IS THE CRETERIA TO FOLLOW I AM HAVING CONFUSION OF ADDITION OF VAT PAID ON PURCHASE OF STOCK ADDITION OF IT IN THE VALUE OF CLOSING STOCK

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  • 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

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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


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Updated on : 6/20/2017 2:12:13 PM


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