Costing

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Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 While arriving at the cost/unit of a product,Finance costs like bank charges,commitment charges,Bank commission has to be considered or not.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)

19 October 2012 no they are not considered while computing cost/unit of a product..these expenses are purely financial in nature and are debited to p/l ac..they do not reflect in cost records

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 But now in cost sheet we need to consider Interest and finance charges before arriving at cost of sales.So it should form part of cost/unit of product.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)

19 October 2012 is it? i have no idea..can u send me the link or any related provision

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 Kindly check this link and reply back. members.icwai.org/members/CAR/gn-resources.asp

CA Pooja Agarwal

CA Pooja Agarwal (Expert)

19 October 2012 i cant copy it here,,kindly scrap it in my profile

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 Or else u type in search in google - guidance note of maintenance of cost Accounting records and open the first link