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Empanelment for preparation of manual on financial management of AIIMS

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Inventory details in party ledger of tally 9


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Should we add the goods earlier purchased and accounted but not received while considering inventories

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Presentation of inventory as per revised schedule 6..!!

Dear all As per AS 2 Inventory should be valued at cost or NRV whichever is less so if in Profit and loss statement in Expenses change in inventory of stock in trade has to be provided then how would

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Entry for obsolete inventory

Dear All Please share your valuable knowledge regarding the following case Inventory of some past years from 2005 2012 have become obsolete and now we want to wrte off the said stock from our books No

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Inventory shifting

Dear All our company is going to change their godown i want to know expenses borne from shifting of inventory from one godown to another godown or office from where inventory would be sales pls let me

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  • Accounting Standard - 2

    AS 2


  • MIS inventory

    Slow non moving stocks


  • Inventory Record Sheet

    Record inventory of small business house


  • Tally ERP - Inventory Accounting



  • ABCAUS Excel Inventory Template and Tracker

    ABCAUS Excel Inventory Template and Tracker is MS Excel based solution for small to medium size trading firms With its help Inventory can be recorded tracked and valued It has a very user friendly interface and menu driven options with pop up help boxes to prevent an undesired input It has a help box at the Gateway with a bundled separate help file ABCAUS Inventory allows the user to define its inventory items Up to 100 maximum their part numbers and also specify their Re order Levels for tracking and management purposes Whenever an Inventory Item touches its user defined Re Order Level the respective field turns red from green The Inventory with red balances can be paid immediate attention In ABCAUS Inventory up to three store locations can be specified and Inventory can be tracked for all the three store locations It also supports Inventory valuations based on average cost basis for each item in each store locations Tranzaction Reports can be generated in a number of ways For Example Vendor wise Report Store wise Report Inventory Item wise Report etc Closing balances of inventory and their respective cost can also be generated


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Experts Opinions

Valuation of inventory

Dear Sir has a new method been applicable for valuation of inventories for the A Y 2013 14 or not ya FIFO method hi applicable hoga for A Y 2013 14

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Inventory purchased in foreign currency

Dear Sir My client ltd co has purchased inventory in foreign currency for a plant prior to commencement of operations on 12 5 12 At the time of purchase price was Euro 12500 i e Rs 787500 1 euro 63 Rs

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Inventory model in excel

Dear all Please can you put some light on Inventory Valuation on Excel Please share some examples or norma methods and some which use Macros on excel to calculate Closing Inventory This will help a lo

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Inventory valuation

Please can any body tell me that what is the way of presentation of closing inventory if it is valued at NRV as it is less than cost there are two views 1 show closing stock after subtracting the valu

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Inventory valuation

Hi I am an article Currently working on a statutory audit of a company My query is as follows A fasteners manufacturing company has 8 different grades of raw material used in their production process

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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 busine

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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

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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 wri

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A brief Note of Inventory Valuation

Valuation of closing stock requires consideration of Income Tax Cenvat Accounting Standards and Company Law Stock should be valued at cost or market value whichever is lower as it is a prudent busines

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Updated on : 6/21/2013 2:09:21 PM

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