Hi

Sales were made in the month of March. But stock is not yet delivered to the customer. SO such stock can be included in valuation of closing stock as per AS-2 ?

Suppose if the stock is despatched in the month of April, then it amounts to be events occuring balance sheet date and accordingly adjust the financial statements???

Thanks...

X of Kolkata sends out gooods costing Rs. 1,00,000 to Y of Delhi. 3/5th of the goods were sold by consignee for Rs. 70,000. Commission 2% on sale plus 20% of gross sales less all commission exceeds cost price. the amount of the commission will be.
Ans Rs. 2833

How to calculate ?

Cost of machineery Rs.80000 and installation charges Rs.20000. The residual value Rs.40960 ans the useful life is 4 years. calculate the depricition under SLM method

my answer is Rs.14760

and Arihant institute answer is Rs.20000.
how to calculate deprecition

Dear Experts,
Creation of website....Charges incurred for this should be capitalised or not in case of a private limited company?
If yes then under which head (class of asset) i have to capitalise?
With regards,
Rajesh.

dear sir /madam
there is a serious query and it needs all of yours attention.Actually we had shares held in company as stock in trade but from last ten years there had been no trading of those stocks . Now we want those shares to treat as investment as our business line had changed, but our main problem is our accounts are maintained in tally 7.2 and we could not understand how to transfer stock to Investment in Tally 7.2

What is meant by terminal value of cash inflow in relation to modified internal rate of return method of capital budgeting?

Please explain in clear and simple language.

i need a definitation of journal

I have Purchase Residential Land for Rs.250000/- and my Construction cost is for Rs.7,50,000/- but I have only Land Purchase Papers. So How Can I saw my total cost of Rs.10,00,000/- my Residential house in my balance.

Kindly give me the right suggesstion
What to do ?

What to do about cost inflaxtion index benefit ?

We are in carpet indusrty, our customer wants repair of carpets as & when they required, we send our represnative to do the work there exp includes (traveling, lodging, fooding etc)we charge from party lumpsum amount depends upon customer 2 customer through debit note. What is the correct way to present this situation in books.Presently we are showing expenses net of receipts.

hii i have some query about the treatment of goods destroyed due to fire
goods destroyed 40lac
sale of good destroyed at lot rate 80000rs
insurance claim rec. 16lac
then tell me the treament of this case that how we show these trans in trading&p\l ¬es to a\cs
pls reply fastly