Ours company reached nearest to 20 crores (19.50 Cores). for the year 2011-2012.

Ours is a manufacturing of machinery (Animal/Poultry Feed Milling plants).

Ours is a Pvt.Ltd., company.

Not listed in any stock exchange.

please clarify any body is it require cost audit or not.

When the cost audit will apply.
Are there any exemptions.

Anil of Delhi sold goods to Bensi of Chennai,The goods are to be sold at 125%of cost which is invoice price. Commission 10% on sales at IP and 25% of any surplus realized above IP. 10% of the goods sent out on consignment, Invoice value of which is Rs.12,500 were destroyed. 75% of the total consignment is sold by Bensi at Rs. 1,00,000. What will be the amount of commission payable to Bensi? Please solve hint....

Dear Expert,

The borrowing cost relating to the substantial period of less than 12 months of the qualifying assets can be capitalised? as per AS16.

is there any clear notification for Form 'C' inclusive of CST amount or not

Actually in circular of the Govt. of India, Ministry of commerce & industry MEPZ - SEZ, it was mentioned that Form 'C' should be inclusive of tax

Please let me know.

Dear Sir,

What are the documents should we enclose with the debit note when we are sending debit note to party.

why insurance premium paid is treated as an expense item in accounting, despite it is received back after the policy is matured?

Dear All,

Auditors of my company has remmited TDS on behalf of my company as it was the last day for filling so, we have prepared a cheque of the TDS amount and gave it to the Auditor(as he is having net banking facility).
Can someboby please tell me what will be the JV entry in Tally for this specific transaction?

the club became member of a tennis association on 1/1/12 & paid FEE upto 31/12/12.
given income and exp..account for the period 1/4/11 to 31/3/12. (FEE: 3200)(given) question asking u to record that FEE in R&P account. how much amt do u record.

Dear Sir/Madam

Please let me know the accounting treatment if:

Product sale to the customer against different mode of payment ie cash & gift coupon issued by the third party like TATA STEEL CO.& that coupon will redeem by the co later

Example: xyx sold to customer 50000.00
against received cash 40000.00
* gift coupon 10000.00

-how seller pass entry in tally.erp9
-will pass journal entry or issued debit note to issuer of gift coupan

* Redeem by the issued company to seller on later date

we are metal manufacturing industries.
we purchase scrap metal by kgs.

but our final products would be become in Pieces.

so please advise me how we disclose our final products means in Kgs or in pcs.