In our industry we are producing fertilizers and during the process a waste of carbon slurry generated. This waste has some market value but not having any cost of production.

Kindly advice whether the same is to be shown in closing stock of the industry while working out the profitability at the end of financial year. It has small and fluctuating market value only.

Regards

DEAR SIR

WE NEED SOME CLARIFICATION FOR FOREIGN CURRENCY ACCOUNT RELATED

1. WE MAINTAIN THE BOOK FOR FOREIGN CURRENCY IN INR ACCOUNT.
FOR EXAMPLE.

WE RECEIVED $ 50,000/- @ RS.68.35 = RS.34,17,500/- FROM CUSTOMER
AND CONVERT THE FULL AMOUNT IN $ 50,000/- @ RS.69 = 34,50,000/-
WE ACCOUNT IN TALLY HOW TO ADJUST THE DIFFERENT AMOUNT IN TALLY.

Calculate cost of sales from the following:
Net Works cost: Rs 2,00,000
Office & Administration
Overheads: Rs 1,00,000
Opening Stock of WIP : Rs 10,000
Closing Stock of WIP : Rs 20,000
Closing Stock of finished
goods:Rs 30,000
There was no opening stock of finished
goods
Selling overheads Rs 10,000
a) Rs 2,70,000 b) Rs 2,80,000
c) Rs 3,00,000 d) Rs 3,20,000

Dear Experts

Please suggest what is Kasar Account.

Hi ,
I just wanted to know If we started a start up company then Trademark expenses incurred by us should we expense out or we have to book as asset & we have to charge depreciation on it & if yes then how many years we have to charge depreciation on it ?

I have purchased carry bags to put customers items in it. Under which head should this expense lie in the book of accounts?

Real account are the accounts which relate to tangible or intangible assets of the firm. So how could a reserve be treated as a real account.

Dear Expert,
we are preparing a cash flow statement as per AS 3(revised) if applicable to the company and balance sheet as per the schedule III of company act 2013. My question is "whether cash and cash equivalent as per cash flow statement should be equal to cash and cash equivalent as per the balance sheet" ???. should we link the cash and cash equivalent from the cash flow statement to balance sheet at the time of preparing the financial statement ???. Please clarify me if agreed or disagreed with the above statement.

Thanks.

Sir,
When i checked my bank statement for the month of March 19, i found that Rs.1000 wrongly credited by bank. please suggest me what is the treatment of the above amount in the accounts during annual closing.
1. can i take this amount in the head of 'suspense account' during closing or

EXCHANGE RATES WHERE TO FIND OUT FOR 31-03-2019