Reconciliation between cost accounting abd financial accounting
This query is : Resolved
04 March 2015
hi friends,
if my costing books shows closing stock of finish goods of rupees 40000 and my financial book shows closing stock of rupees 60000...is my closing stock overvalued by rupees 20000? what's the logic behind that if reconciling the profit as per cost record with the profit as per financial records.
04 March 2015
superlative degree is to be used cautiously.
The costman will say that it is overvalued while financeman is boud to say that it is undervalued.
Which side of the table you are standing is very important.
The costman will say that it is overvalued while financeman is boud to say that it is undervalued.
Which side of the table you are standing is very important.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
