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scrap calculation

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(Querist)
06 September 2008 dear sir

can you suggest me how to calculate the valueation of scrap, and saleing of scrap's value is indirect profit or others. if i am a manufacturing of co. and scrap is generation during construction of new project.

thanks & regards

Praveen
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Satish K Sekhar.ACCA

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Satish K Sekhar.ACCA (Expert)
08 September 2008 This would be charged to profit and loss account as miscellaneous income under indirect income
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