Net Realisable Value - It means the estimated selling price in ordinary course
of business, less estimated cost of completion & estimated cost necessary
to make the sale.

Kindly let me know some examples of Estimated Cost of Completion in NRV??

what i understood with estimated cost necessary to make the sale is selling cost incurred to make the product saleable.

Best Regards,
Piyush Goel

Schedule 6 is applicable for Nov-2010 or not please help me...

& it is applicable in which chapter ???

My query is that what would be the treatment of debtors in a cash flow, if the debtors are settled by other than cash consideration.
In my case they are settled by issue of equity shares of the company.

Its effect would be
1st effect- operating activity - add the figure as there is decrease in trade receivable/debtors.

2nd effect- it can't come under financing activity as there is no issue of shares for cash.


Kindly help me to get out with the query.??

Thanks in anticipation

what is the accounting treatment of FD. CAN I TREAT IT AS CASH & CASH EQUIVALENTS UNDER BANK ACCOUNT OR TREAT AS INVESTMENT AND CLASSIFIED AS CURRENT AND NON-CURRENT ASSETS AS PER REVISED SCHEDULE VI

Sir I need gratuty calculation. How much Provision of gratuty will be:

27-12-2010 to 30-6-2011 1-7-2011 to 30-9-2011 1-10-2011 to 30-6-2012 1-7-2012 onwards
Monthly Total Monthly Total Monthly Total Monthly Total
Basic Pay 7500 46210 11250 33750 13750 123750 18750
HRA 3750 23105 5625 16875 6875 61875 9375
Conveyance 4749 29260 6070 18210 7836 70524 12430
Executive Allow 4750 29266 6070 18210 7836 70524 12430
20749 65594 29015 91725 36297 326673 52985

Empl PF Cont. 10616 5451 10616 2654 10616 7962 10616
Medical 0 0 0 0 0 0 0
performance Bonus 29991 15399 73797 18449 83790 62843 75000
Gratuty 4327 2233 8593 2148 9511 7133 10817
leave encashment 5114 2626 7670 1918 9375 7031 12784
Medical Insurance 964 495 964 241 964 723 964
Labour Cont Fund 0 180 45 180 135 180
51012 26203 101820 25455 114436 85827 110361

300000 91796 450000 117180 550000 412500 746181

PROVISIONS SHOULD BE TREATED IN WHICH HEAD OF PROFIT AND LOSS STATEMENT ( AS PER REVISED SCHEDULE 6)??

sir,
i am employee of a proprietry co. who build a commercial complex in south gujarat,i want to know how to pass a entry of constulting fee like structural consultancy, vat consultant, c.a. ext.,what is head of this expenses.

hello all

we are a proprietor co. so what would be tds deduction limit under 194c.

it is 30000 or 75000

Respected members,

In the new revised schedule 6, where do we show closing stock and opening stock in P&L a/c?

Because it gives Cost of materials consumed
Purchases of Stock-in-Trade and
Changes in inventories of finished goods, where should we show the opening and closing bal of stock?

Thanks

Sir,

how to solved hodling company problems having more than three comapanies