accouts query

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supriya (Querist)
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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??

S.Srinivasaraghavan

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

supriya

supriya (Querist)
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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?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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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.

supriya

supriya (Querist)
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02 May 2009 Thank you, Sir.

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