INVENTORY

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Empanelment for preparation of manual on financial management of AIIMS


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Experts Opinions

Suggestions req. for good inventory management software


Hello Frnds 1 of my client requires inventory Management Software Suggest me which is the best software for Inventory Management for trading concern

Sale of obsolete inventory


We have made a provision of Inventory in FY 14 15 now in FY 15 16 we made a sale of some part of that inventory So I have two doubts as below 1 What entry must be pass for such sale 2 Should I have to charge VAT under MVAT also deduct a TCS if I consider it as scrap sale

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

Inventory consumption cost


What is inventory consumption cost how to verify it while doing the statutory audit

Duty paid inventory held at branches


Dear Experts A Registered person under existing central excise laws sent FG to its Branches with payment of Central Excise Duty before appointed date since its Stock transfer Please clarify the Registered person can get Input credit which was paid on stock transfer if yes please quote the transition

Discussion

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

How to add ids stock quantity and value in the books of tally under accounting and inventory

How Can I show the IDS stock quantity and value is books of tally erp if we maintained the accounting with inventory How to pass stock journal entries or respective entries Please clarify my Query

Classification of inventory

Hi As on end of the Fianancial year a property developer has completed inventories of residential units which it expects to sell in 3 years Historically similar residential units have been sold in 3 years Please help me in this regard about how itneeds to be classified in the books i e Either Non cu

How to determine the overvaluation/undervaluation of the inventory?

How to determine the Overvaluation Undervaluation of the Inventory How these cases are to be accounted for and what are the impacts in Trial Balance Final Accounts Please explain in detail

Inventory accounting

My Buisness is for Lifestyle Products in my Closing Stock i have shown Sample Book of Rs 24 Lakh but as design changes this sample book become obsolete now how should i write off this in my accounts as Market Value NIl and i have to paid kabariwala to take all sample book from my showroom Kindly Sug

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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 : 1/21/2017 5:23:07 AM


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