Is as 2 is applicable????

This query is : Resolved

Vishwas Bidada (Querist)
Follow

21 August 2011 Hello sir....
Last year my friend went to NPCIL for audit...
Whatever NPCIL purchases they are just paying hiring charges for this... (they purchase from the ministry of defence)
Now whatever Byproduct comes from that manufacturing... they are giving to ministry of defence...
Now my question is what rate they should charge???
Is AS-2 is applicable on this....????
If not then what is applicable..??
Show me how to value this...
Thanking you....

mahendra soni

mahendra soni (Expert)
Follow

22 August 2011 Ur question is not clear. Please elaborate clearly

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

24 August 2011 AS 2 stock valuation will apply for both final product or by products

Vishwas Bidada

Vishwas Bidada (Querist)
Follow

25 August 2011 But sir hiring charges doesnt comes under the definition of asset.....
then also AS 2 apply???

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Nithish Kothari

ANUPAMA L KANT

Fahima Malik

velichety.l.narasimharao

T.N.Reddy

Subscribe Now

Is as 2 is applicable????

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA