We have started a business of waste paper collection from door to door house/shops/factories in that we use to purchase from the market @Rs.10-12/kg. we want to book purchases in our books against the purchase invoice issued to the respective sellers for value as well as weight in the system but it is observed that when we finally count/ weight of the material purchased there becomes difference of weight in the inventory balance with us in the month end, Due to moisture/ weather fluctuation/ pilferage carrying the stock to the godown.
please advise how to treat shortage/excess stock in the books of account.how to take effect of the same in the balance sheet.

Pls tell what is the criteria for identification of non -corporate level II enterprises currently for applicability of Accouting Standards ? (especially turnover limit)

Sir let me know that what is the Indian & international accounting aspects regarding Cash flow statement.

what is the difference between presentation and disclosure

Dear All,
Please clarify my doubt on works contract.
I wanted to know that whether the cost of printing charge of envelopes by a medicine company is a works contract or not.Moreover the name & address of the co.is printed on the envelopes.

Thanks.

can administrative charges paid on purchase of land from land developer after 8 years from purchase of land be capitalised? or expense out?

Sir, I want to know if a bill has been raised on 31st march 2013, F.Y. 12-13 but received on 5th dec 2013. what would be the treatment of that bill? whether it is to be included in the above financial year or not?

what should I do after my CPT ATC or IPCC

What is the concept of Moving Average for valuation of inventory in manufacturing industries.??

i using tally erp for book keeping..
i have one project says "mumbai construction"
there are 4 worker says ramesh suresh aadil alpesh....so i create this employee on payroll....
how can i give the effect for the wages rs 10000 to alpesh with cost center says mumbai project....my question is my ledger is wages expenses my employee name is alpesh..then how can i give this effect with cost center mumbai project??