SamSue
30 October 2023 at 10:18

Raw material costing

We use multiple raw materials in our manufacturing process.

A raw material recipe would be as follows:

1. RM1 costs Rs. 100 per Kg - We use 10 Kg
2. RM2 costs Rs. 45 per Kg - We use 0.200 Kg
3. RM3 costs Rs. 220 per Kg - We use 0.100 Kg
4. RM4 costs Rs. 75 per Kg - We use 0.125 Kg

Can you please let me know how to arrive at the blended cost for this recipe?


Thanks


BALA CHANDRAN

Need suggestion/Clarification of , ITC credit eligible for support to police department,like CCTV Cam contribution to local police station...


Ma Ba
30 October 2023 at 07:22

TDS refund for a cancelled property sale

I’m a buyer and I have to cancel the property purchase at the last minute. I already paid the TDS a day before the deal was cancelled. Now when I tried to apply for refund because property deal was cancelled. But when we entered all challan details, refund amount allowed shows Rs.0. Consumed amount shows the full amount we paid. how to proceed with refund in such cases? I know the amount or probably credited to seller pan. How to revert back and get the right amount to show up in refund request?


Daya

is mandatory to pay within 45 days to MSME entities. if payment made after 45 days , what will be the consequences. And whether it is mandatory to present in balance under Trade payable seperately.


Daya
29 October 2023 at 20:45

Above Rs. 5K should be capitalised

whether above Rs. 5K should be capitalized.
And while payment in cash whether revenue stamp is required to affix on payment Rs. 5K. on payment voucher.


P.Madhivadhanan

An indian citizen joined employment in netherland. He is already having pan card. He wants to open NRO account in bank. This old pan card itself enough to open pan card. Current year he is Non-resident as per income tax act


santosh kumar aditya
29 October 2023 at 18:16

REFUND AFTER OUTSTADING ADJUSTMENT

Sir,
There was income tax refund awaited due to my previous income tax outstanding ,I have submitted response issued u/s 245 for adjusting my due to refund amount
After adjustment some refund is receivable but not received yet

Is there any issue??please help


Daya

according to schedule III
accounting group for advance payment for CWIP .


Daya
29 October 2023 at 13:51

Is overtime part of salary and wages

is overtime part of salary and wages.
Is bonus grouped under salaey.


Daya

what is ageing schedule for trade receivable and trade payable according to scheduled III of balance sheet.





CCI Pro
Follow us


Answer Query