STOCK PRESENTATION IN P&L AND NOTES OF ACCOUNTS
This query is : Open
18 June 2011
Plz tell me whether we show spare parts consumption while showing consumption of raw material in p&l accounts as per schedule vi.
and while preparing raw material wise stock chart for raw/packing material whether less than 10% value of stock is to be ignored.
and while preparing raw material wise stock chart for raw/packing material whether less than 10% value of stock is to be ignored.
18 June 2011
Consumption of stores and spare parts has to be disclosed by way of additional information as per schedule V1.
Less than 10% items can be safely ignored.
Less than 10% items can be safely ignored.
19 June 2011
Yes, Consumption of Stores and Spare parts needs to be shown as a separate line item as per Schedule VI.
and it is generally shown in the Material consumption schedule as a separate line item.
Yes, Consumption of Stores and Spare parts needs to be shown as a separate line item as per Schedule VI.
and it is generally shown in the Material consumption schedule as a separate line item.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
