Please explain.

In Accounting (Accounting standard-2)
Cost of conversion =Prime cost+Production overhead is given.
In cost accounting, cost of conversion=Direct labour+Production overhead is given

I will be very much thankful to you.

i have big doubt that when buyer has issue C form,and it is one time or on every return has to issue the C form,please clear my query as soon as possible



thank you

My Query :

Sir, is it necessary to pay the dividend through a separate Bank A/c even in the case of Private Limited Company (Closely held Company)as stipulated in Section 205 of Comp Act.

Is this condition is not applicable, if the Dividend disbursed in the same day where the AGM was held ?

Son of MD appointed in july 2013 on a stipend of 20K for 6 months in pvt company
1.which are the provisions that will be applcable
2. prior approval required or not
3. BR or Special resolution

sir plese suggest me that which author's book I should buy for ipcc tax and costing.

Dear All,

I am working in a consortium of Ayurvedic Medicine Manufacturing Companies. We also undertake job works for our members & raise job work bills to them. The principal buyer will send us main drug. At the time of manufaturing, we need to add some of our stores like gelatin,glycerin,preservatives etc. My question is whether Value Added Tax is applicable to excipient cost & Service Tax is applicable on the Labour charges & Intellectual Charges. waiting your kind replay

Sir/Madam,

We possess IEC Code. We want to import certain items in Central Excise Tariff Chapter 4706 (comes under 130 items w.e.f. 01.03.2011 started with 1% duty without benefit of CENVAT) from various suitable countries and do trading in the Indian market.

Is it required to obtain central excise licence for trading, charge and pay duty. If so at what rate, i.e., 2% (without benefit of CENVAT) or 6% (with benefit of CENVAT). Please explain and clarify.

Koteswara Rao.

A Private Limited Company is charging depreciation as per Income Tax Act, 1961 in its books of accounts since its inception as per policy adopted by the Company.
1. Whether it is mandatory to charge depreciation as per rates of Companies Act or the Company may charge the depreciation as per alternate rates.
2. If mandatory to follow the Companies Act rates, then what are the implications.
3. If no, what are the disclosure requirements in the financial statements of the Company.

my boss give me the his daughter bank pass book & tell me the prepared the income & expenditure account. I am not preparing income & expenditure account. I am creating her account in tally erp 9 but the problem is bank pass book balance brought forward Rs 68871cr. so I am create bank ledger opening balance 68871cr or dr you tell me .
other her brother also give us money deposited what type of ledger created for her brother tell me sir
I so confuse please help me sir

can anyone have CS executive theory notes for all the subjects ..or any PDF file or link.. plzzz provide the same....urgent Tushar