As per AS - 2, inventories shall be valued at the lower of cost and NRV

Exclusions from the cost of inventores:
(1) abnormal amount of wasted material, labour or other production cost,
(2) storaeg costs unless those costs are necessary in the production process to further the production stage,
(3) administration overhead that donot contribute for bringing the goods to the present condition and location; and
(4) selling and distribution costs;


What is "distribution cost" in the above clause ?

Sir i am an acoountant and doing part time hojb. I want to know abount maintaining books of accounts of various kinds of business and also want to learn aboubt proper account head , finalisation etc.

Please let me know when are the results for PCC NOV 2008 expected to be declared??

Sir i am an accountant.I want to know about maintaining the books of accounts properly eg accounts head , finalisation etc.

sir pls explain me terms

1.morgin money

2.cash credit

3.packing credit

My client is a resident of Mumbai,and is presently posted to Goa.Can he file his IT returns in Goa.What are the additional formalities involved?Does he need to give ne address proof with his IT Return?

dear sir i want to know that as per income tax who can give gift and how much amount of gift will be non taxable in hand of receiver of gift, is there any boundation of relation please describe it to me

thanks,

regards,
Anil kumar

M.No. 9971168839

Is it possible to transfer from a firm against the wishes of your principal due to unforseeable circumstances??

how many transfers are allowed by the institute in an articleship?

Hi

How to apply for renewal of DSC. What is the form and what are the documents to be attached to the form.

Give me update quickly.