Dear Friend,

I want some material / presentation / note / link, etc on FIFO method valuation of raw material (& other inventories) v/s Weighted Average method of raw material (& other inventories)

I will require its comparision, benefit, disadvantages of each other, etc...

Please mail me at: deepak.agrawal2008@yahoo.co.uk or reply me thru private message in CAclubindia.com

Dear Sir,

Can you tell me that in Balance Sheet where we can put the Software Development in Assets, I t would be in Fixed Assets of in Current Assets.Please let me know as soon as possible.

Thanks

Rajesh Shukla

dear sir,

i just want to know that how many methods are there to calculate depreciation

While valuing goodwill on the basis of net assets method proposed dividend & non trade investments is not taken into consideration. Then why is taken in the case of valuation of shares?
Also, while computing Future Maintanable Profits proposed dividend or dividend paid is added back to the profit. Why? And income from non trade investments is deducted. why? I understand that this is the method but could you please tell me the basis behind for better understanding.

freight of Raw material capitalise in Raw material....and the freight amount is not gone to purchase register....T.D.S is corrctly deducted
now the valuation of closing stock is included the freight Amt.....
whether this treatment is right???

Dear Sir,

I am taking 10 notebook on rental basis from a company.
He is charging 4% VAT (DELHI LOCAL) for rental can he charge vat to me, pls, explane me how it is possible and if yes should i deduct tds @15.45 in case proprietor ship company.

Harish
Delhi
09313022338

if an assessee carries on two propritorship firms of entirely diffrent nature, is he supposed to keep two different sets of books for the businessess?
In the present ITR, how will the balance sheet be filled in such a case?
Will it be statemnt of affair of the proprietor or simply a combined balance sheet and p & l of the two firms?

Our Company is a Cement Manufacturing Company,

It also used some Cement for own consumption such as making factory building etc

so what treatment should be taken for this consumed cement. Is amount of comsumption should be add in Sale.

is insurance reserve a statutory reserve..can you please list me the kinds of statutory reseve...in practice

A company get into agreement to provide ATM and ATM services to a bank for 5yrs.
now after two yrs bank want to terminate agreement and ready to pay compensation in 45 monthly installmnets. balance period of contract is 36months.. the company receiving compensation from bank need to know how they will account compensation.. whether they need to account full compensation current year or on receipt of compensation by insatllment. they made a agreement to get compensation 45 installments. pls advice