let Realisable value = 10000/-
Cost of disposal = 2000/-

therefore, NRV = 10000 - 2000 = 8000/-

this NRV is shown as closing stock.

in next year when actual sale is done, how do we account for the cost of disposal in books of acounts..???

Dear sir, where do we take short term investments made during the year in cash flow statement

please inform me the how to calculate the PF & ESI on salary in pvt ltd company.

A COMPANY HAS A FIXED COST OF RS.300000.

ON SALE OF 15000 UNITS WHICH IS EQUAL TO 40% OF MARGIN OF SAFETY, IT EARNED A PROFIT OF RS.60000/-.

CALCULATE THE FOLLOWING
1) BEP IN UNITS
2) TOTAL PRESENT SALES IN UNITS
(BCOM,MUMBAI OCT 2007.)

THANX IN ADVANCE
MY ID abhipcc@rediffmail.com

sir,

Can u tell me the procedure to create self generated goodwill in a business how will it reflect in our financial statements.

Kindly advice me.


Regards

chapter-insurance claim

in given problem total closing stock is rs.170000.
and opening stock included 40000 abnormal item.it EXPECTED abnormal item to be sold
at rs 16000.
in what should value taken to valuation of normal item/stock.
a) rs 130000
b) rs 154000

Dear experts please explain about challan/return in detail with due date applicable for remitence of TDS, VAT, and Service tax.

INCOME STATEMENT
SALES 90000
LESS: COGS
RM CONSUMED(20% OF COST OF SALES)
DIRECT WAGE(5% OF COST OF SALES)
DIRECT EXPENSES
TOTAL COGS (720000)
GROSS PROFIT 180000
LESS: OTHER EXP (150000)
NET PROFIT 30000

PLEASE CALCULATE RM CONSUMED,DIRECT WAGES,DIRECT EXP.

I CALCULATED 20% AND 5% ON COST OF SALES
I.E.SALES-NP=900000-30000=870000

BUT IN AINAPURE BOOK THEY CALCULATED IT ON COGS.

PLEASE EXPLAIN.

THANKS IN ADVANCE
ABHISHEK SINGH

Sir,

We are maintaining accounts in Tally.We want to split the data from the financial year 1st April,2010 for the financial year 2010-11.

Please clarify if we split the data we cannot view the data of the previous year.Is there any problem to view the data of the previous year.

Thanks

Where i got my bussness area code