I have a rolling Mill which produces TMT ROD, WE HAVE A RATIO FOR producing such goods.
BUT year end we have physically find less scrap as compared to calculated now can we transfer our scarp to finish good is it possible
3 Replies
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 17 March 2019
did you already account for the scrap before realizing that it wud be less
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 17 March 2019
how come this type of accounting procedure us followed. since scrap needs to be recorded in actuals and not estimated
Recent Topics
- GST registration for export of service for softwar
- Extension of DOF of ITR for assessees who are not
- ITR 1, JSON ISSUE
- Property sold by mother can we buy jointly now
- ACCA vs CPA
- OLD REGIME AND NEW REGIME.
- Tax exmption in let out property in new regime
- Udyam registration problem
- Need Advice for CA journey
- TDS Q4 RETURN - DEFAULTS DUE TO WRONG DEDUCTIONS D
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
