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Krina Shah
01 May 2015 at 15:57

New companies act

what are the additional reporting requirements in auditors report according to new comapnies act???


MLZS

Dear Sir,

We are running private school.Please guide me what will be the correct break up of salary of below mention amount. The break up should be according to income tax norms.

For Salary Earner:- Rs 75000
RS 38000
Rs 20000
Rs 18000
Rs 15000
Rs 12000
Rs 10000

Awaiting for the reply.

Regards
Mohit
7895672525


jai singh
30 April 2015 at 18:23

Plz guide

sir if a manpower draws 2 bill, 1 bill for remunerations of workers and 2nd for other charges. 2nd bill is actually have with amount of service tax and other charges but he did not mention service tax as rate but service tax return is regularly filed with. the precess of billing is correct if not should company recover any amount ?


HEENA RAWAT
30 April 2015 at 13:24

Depreciation as per co. act 2013

how are we going to apply the new rate as per co. act 2013 on old assets?
as all assets have been given life span ..like car - 8 years


mvpranav
30 April 2015 at 10:33

Cash flows

in PM every sum is done differently . Cash from operating activities are arrived by different methods . For ex once net profit is taken. in some sums cash sales are taken. in some sums he adds transfer to general reserve. in dome doesn't . is really confusing


Rajendra Prasad
30 April 2015 at 09:51

Company accounts

hi all iam doing my cs excutive . iam from btech background..presently working as asst manager in a psu bank ...could not find time for coaching and stuff ...iam able to manage all the subjects except company accounts nd costing...plz can anyone suggest me how to get through des subjects..how to get grip on basics and expertise dem..(books or any source online plz suggest)tanq very much in advance


Nitin

I have a doubt in the following equation:

COGS = Beginning inventory + Purchases - Ending inventory.

COGS includes material costs and conversion costs (such as labor, power, etc.). I am not able to understand where are the conversion costs (of the goods sold in a year) in the RHS of the above equation. I think the term (Beginning inventory - Ending inventory) is added to adjust the purchases with the excess/short inventory sold when compared with the purchases. "Ending inventory" and "Beginning inventory" do not accumulate the conversion costs for the goods sold in the entire year. So, where are the conversion costs in the RHS of the equation?

Example to highlight my doubt - Let's assume in a given year, the level of the inventory does not change i.e. Beginning inventory = Ending inventory. Here, COGS = Purchases. I think in the RHS, "Purchases" only includes material costs. Where are the conversion costs (of the goods sold in a year) in the RHS of the equation?



Anonymous
29 April 2015 at 18:20

Accounts

if books of accounts have been closed ut still we r having some bill which are reaming to boo how to make entry for that although we have finalised our balance sheet?? mainly some vendores are remaing to pay



Anonymous
29 April 2015 at 17:51

Accounts

if books of accounts have been closed ut still we r having some bill which are reaming to boo how to make entry for that although we have finalised our balance sheet??


ARUN
29 April 2015 at 15:50

Opening donation bank a/c

Dear Sir

I have open a new donation funding a/c in canara bank for kathmandu (nepal) earthquake .How was treated a books of accounts.how to show collecting funding amount in books of account. please suggest me.






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