AS-2 Valuation of inventory states that while determining the cost of the inventory trade discount, rebates, etc. is deducted to arrive at the cost. However, cash discount is not included. It states that cash discount is to be shown as an income in the P&L statement. Why is this so?

When we should start charging depreciation on newly purchased assests?

plz answer with reason.

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10. and Which rate applied in the entry, please help me also give the example of entry.

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10. also
Which rate on 31 March enter and then what is the rate on payment received we calculate, please help me also give the example of entry.

Provision was made against doubtful debtors. Subsequently payment was received from debtors. As such provision earlier made has to be written bakc. Whether such write back can be shown under the head income or not. What should be the correct way of presentation.

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10. also
Which rate on 31 March enter and then what is the rate on payment received we calculate, please help me also give the example of entry.

What is average rate under AS 11? In case of huge fluctuations in exchange rates during a particular month or months can we adopt daily rates for average rate ? Can a company adopt daily rates for non-voluminous transactions and average rate for voluminous transactions during a period where there was huge fluctuation in exchange rates (it was not realised while booking the entry, it was realised while closing the books)?

What is average rate under AS 11? In case of huge fluctuations in exchange rate during a month can we adopt daily rates ?
Whether it is correct to adopt daily rates for transactions which are not voluminous and adopt custom rate to transactions which are voluminous (in case of huge fluctuation during that particular month) as per AS 11 ? If yes how to disclose in notes on accounts?

What Is Provision ?
In Which Condition we Should Create the provision

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10.