Can any body tell me, how to value stock in hand of a investmenmt company as on 31.03.2010 as per the accounting standard.

DEAR SIR,

HOW TO VALUE WIP STOCK AND FG STOCK

AS PER AS-2 WITH ONE EXAMPLE

WITH THANKS

K A K

DEAR ALL

WHAT IS MEAN BY MATERIAL COST

AND

HOW TO CALCULATE MATERIAL COST WITH EXAMPLE

THANKS

K A K

A Pvt. Ltd. company has Paid share application money for SHARES IN other Pvt. Ltd. Company.
Please tell me whether following prentation is correct:


Investment:
ABC Pvt. Ltd. 20 lacs
(share application money)

I have to finalize accounts of a company.what is the procedure for valuation of stock?
I knw we have to valuate closing stock as on 31.03.10 (on cost or market price, whichever is less)but who will evaluate the market price? what will be the supporting documents for the same?

Pl. explain !

DEAR ALL

WHAT IS MEAN BY COST CENTRE

WITH EXAMPLE

WITH THANKS

K A K

is there any statuatory requirement for maintain cost accunting reord for pvt ltd co.

Dear all,

I would like to attract all your attention towards how to finalize the accounts and what are all factors to be considered during the preparation.

Notwithstanding that what is the outline and predetermination in terms of concepts before preparing the report.

Dear Sir,

I have been employed recently in a company in Bahrain & was residing in India till a month back. I had a savings account in India. Below are my queries:

1. What is the easiest way to transfer funds to India (25K per month)from my BD account in Bahrain to an savings account in Mumbai in a bank which is not the same bank as mine?

2. Is it mandatory to park my funds in an NRE account to avoid tax?

3. Since my prime requirement is to send funds to India, is it necessary that I do it through an NRE account only? There are many exchange centres in Bahrain where BD is accepted over the counter & remitted to any branch in India within 24 hrs. If that is the case, what is the main purpose of an NRE account & what is its significance?

4. I have also heard through friends that any savings account in India needs to be converted to an NRO account as soon as the account holder visits a foreign country for an indefinite period (in my case for an employment). If that is not done, then it is considered to be illegal. How true is this statement?

5. What in your opinion is the best way to transfer funds to India?

6. Please let me know the exact mechanism on how NRO & NRE Accounts Work.

Thanking you in anticipation.

Best regards,

Ashmil Desai

I have doubt in cash book

Example : whenever we give advance payment to X Person Rs.10,000/- what entry we have to pass in payment voucher.
when we create X person ledger a/c,what group we have to take.
For buildings -we take Fixed assets as group.
now for this X person what we have to take?