how to prepare a bank stock statement for manufacturing co. at the end of the every month.and is there any format por preparing it?

our company provides construction contracting & electrical engineering services to defence department of India. Contract includes both. Our consultant says that in addition to purchase cost & direct expenses, indirect expenses should also be included in the value of inventory i.e. stocks & WIP. Is it correct to do so? Please post your reply urgently.

DEAR SIR,

WHAT IS NEED OF REVISING SCHEDULE VI OF COMPANIES ACT 1956 ?

1. Whether DONATION can be taken as extraordinary items?? Give reason for tha same..


2. Also give more example of extraordinary items....

how to split data in tally erp9

i am working in kolkata & my salary came from Mumbai,through net bank. please solve my query
1- where my emloyer should the P.tax be deposted Kol or mumbai.
2- P. tax is a part of direct tax or indirect tax.

Suppose a invoce no 0001 Date 15/04/2011 has been not entered by mistake and we realise after filing the return that it was not entered.can we enter the invoice in the current date

I have one machinery which i had capitalized earlier for which i had replaced one part of it amounting to Rs. 50000/- should i capitalize this amount or should i book this as expenses as repairs to machine anyone can help me out?

We are selling electricals goods.. often we need to give free samples to various dealers/architech etc., we are raising an invoice for Re.1 and send the material as we cannot raised 0 value invoice..

Here ny question is since all these activities are to cover the market and increase our sales.. It is nothing but advertisment and promotion... Hence should we charge those cost of the material (which was given as free sample) into Sales promotion expenditure??

If you have any other view please explain..

Thanks in advance..

My Query is as follows:
Company is charging depreciation under SLM.Company has a practice that when the WDV is 5% or less than 5% of Cost of Acquision of the said asset then no further depreciation shall be provided on such WDV. So e.g. if original Cost of acquisition of an asset is Rs. 10 Lacs and its WDV reached Rs.50000 or less(i.e. 5% of 1000000},then no depreciation shall be charged on such asset and such asset shall be carried forward at such WDV.
Is the practice is as per law.