A manufacturing unit used Furnace oil for the purpose of heat treatment of the material manufactured (Explosive item. It is a mandatory process under Explosive Rule, without which onward process should not be supposed). Here, Furnace oil burnt in a Furnace machine covered (inside) with Fire bricks and material get heat treatment in the machine. I think in this case, Furnace oil should come under consumable item and not under Power & fuel. Where, we should claim CENVAT and VAT credit on the Furnace oil.
Please help.

I have a debit card which i use it like a prepaid card for paying bills so should i classify it in current assets? under debtors?

hi, one individual having a commision income. he has ppf a/c the person who files his itr maked a computation he disclosed his ppf interest in p&l account instead of capital a/c and does not disclose his ppf closing balance in balance sheet in last two years.so i want to know that how to rectify it in current year return.

Hi friends

For stock audit purpose, the auditor appointed by bank and bank credited some amount for audit fee.
is it comes under bank charges or required to maintain separate head if any ??????

on more doubt bank credited loan renewal expenditure is it comes under bank charges or if any ?????

Should i prefer the regular b.com studies along wid my ca or is it correspondnce.??

what is the applicability criteria of cash flow statement to private limited company? is it mandatory?

how to study ac's?? means you have 20+ questions in each chapter. you have classes book & both modules. if you sit solving each question then you would be doing only ac's and other subjects would be kept aside. plz help

What is surrender value of joint life policy??

m in my final year b.com thinking to join ipcc aftr finishing my degree shall I go training under a ca from nw itself so I wll get an idea

is companies act 2013 applicable to November 2014 ippc examinations and also excise duty and customs