banner_ad

accouts query

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 November 2008 While calculating cost of goods in consignment we consider only non-recurring expenses but while calculating cost of goods in joint venture every expense incurred by the joint venturers is considered. Why??
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
03 November 2008 It depends upon what you call as non-recurring. Can you give an example?
Profile Image

supriya

Profile Image

supriya (Querist)
03 November 2008 Freight, carriage are examples of non-recurring expenses.
Recurring expenses like selling expenses are not considered while calculating cost of goods in consignment but are considered in joint venture. Why is it so?
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
04 November 2008 Freight carriage etc., are direct expenditure relating to the consignment. Therefore they are absorbed as cost of goods. In the case of selling expenses it is post acquisition general expenditure.
Profile Image

supriya

Profile Image

supriya (Querist)
02 May 2009 Thank you, Sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details