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cost sheet


Mahesh Kapadia   10 June 2019

Mahesh Kapadia

 1 likes  89 points

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what is treatment of bad debts written off in cost sheet

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ISHA GOYAL   10 June 2019

ISHA GOYAL

 10 points

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normal bad debt should be included in the selling overhead while the abnormal bad debt should be written off to costing profit & loss account & should be excluded from cost. 

shilpa (CWA)     19 June 2019

shilpa
CWA 
 26 points

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As per CRA-1 certain items of expenses are specifically excluded while computing cost of product as nature of financial expense, bad debts being one of these. Kindly refer attached link for details as per guidance note issue by Institute of Cost Accountants of India :

https://members.icwai.org/members156/CAR/gncas-regform.asp

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sabyasachi mukherjee   29 October 2019

sabyasachi mukherjee

 117 likes  3309 points

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Shilpa absoloutely correct....


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