Empanelment for preparation of manual on financial management of AIIMS

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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

inventory of scrap

how to show inventory of scrap items in books of accounts either to group under inventory or show as reduction from cost of manufacturing scrap is not a by product here

Sell on inventory acquired after father's death

Dear Sir Mam My client acquired Inventory after death of his father The said inventory acquired was sold by my client and the amount was received in his savings bank a c I want to know the tax implication of the above sell of inventory Does it amount to Capital gains Kindly reply ASAP

EOQ (Management of inventory)

when Annual requirement is not given in the question than how we can found annual requirement suppose EOQ is not given But ordering cost and carrying cost is given and toal cost given than how can we found Annual requirement The question is here purchase price 200 cost of an order 100 carrying cost


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

Ifrs treatment in cash flow for cash recived through insurance claim for assets and inventory

There is an amount received from Insurance company for the loss of assets and inventory say 100 assets 80 and inventory 20 can you pl let me know what should be the cash flow treatment of this 100 be as per IFRS should it be treated as an investing activity financing activity or break up between bot

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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 : 12/7/2016 1:14:07 AM


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