for instance 5000 units of input at 1000 per unit.normal loss =250 units.actual loss=300 units. so to compute cost of inventories is it correct that abnormal loss of 50 units at 1000 =50000 should be deducted from 50 lacs and then the remaining divided by 4700 to find cost i.e 50 lacs - 50000 divided by 4700

Whether Sitting Fees Paid To The Non-Executive Directors are to be treated as a Related Party Transaction ???
If Yes, Then On What Basis ???

I want to know the books which are best for the self study for CA FINAL of following subjects:

FINANCIAL REPORTING

STRATEGIC FINANCIAL MANAGEMENT

Please tell the books early so that I can start my studies easily quickly

Thank You
Abhishek Srivastav

Please tell me wheather Revised Schedule VI of Companies Act,1956 is applicable to Indian Project Office and Liason Office in India??

Sir,

WE ARE HAVING STOCK OF COMPUTER PARTS RS.100000/-(APROX)SINCE 2005 WHICH IS TOTALY ABSOLETE.

I HAD ASKED MY COMPANY CA TO W/OFF AS THESE STOCKS ARE OUTDATED AND SIMPLY LYING IN OUR ACCOUNTS WHICH HE IS RELUCTANT TO DO SO.

DO WE HAVE TO PAY VAT ON SCRAP ITEMS.
I WANT TO KNOW HOW TO ADJUST THESE STOCK.

THANKS & REGARDS.
pDANDEKAR

In my one of Private Limited Co, we are having a Sufficient cash balance in books, accordingly I want to deposit Cash of 10 lacs in bank. Whether I Can deposit the same. Confirm

Dear Sir,
We got IT refund of Rs. 22,000/- (Intt Rs. 2,000/-) then where to present these Rs. 20K & 2k in B/s .

Thanks

Raj

What is the treatment of Depreciation while computing Working Capital Required on Normal Basis OR Cash Cost Basis ?
Do we include depreciation in W.I.P. if it is a part of Overheads ?
Do we include Depreciation in Stock of Finished Goods ?

what difference between office expenses and office maintenance expenses. Have both same meaning? It is necessary to know me for accounting purposes.

Please advise.

Sir,
I have a doubt regarding EPF. Our company is based at Cochin, Kerala. One of our 61 years old employee attained 26 years of service. We have already deducting his PF and deposited (both contribution) to the bank every month. Now the employee wants to get his monthly pension and close his PF a/c. But he did not want to resign from our firm and he is continuing his service for a long period. In this case which forms are we use to close his PF a/c and get monthly pension without resigning ? Is he is eligible for ESI after closing PF a/c.?
Please give me a reply. My email id : Sanish.ks@sify.com
Mob: 9846165202.
Regards
Sanish