INVENTORY

News

Empanelment for preparation of manual on financial management of AIIMS


Normal 0 false false false EN US X NONE X NONE MicrosoftInternetExplorer4 Style Definitions table MsoNormalTable mso style name Table Normal mso tstyle rowband size 0 mso tstyle colband size 0 mso style noshow yes mso style priority 99 mso style qformat yes mso style parent mso padding alt 0in

More News



Experts Opinions

Icds and inventory valuation


One of my client who has to get his accounts audited he valued stock at Rs 1800 instead of Rs 1400 per bag and thereby he has shown a profit of Rs 3 90 lakhs Now i told him that he could not value the stock at higher than cost and he can value the stock lower of cost and net realiasable value If we

Inventory - urgent query please help


Dear Sir Madam In an accounting system Damaged goods promo goods personal use Company goods are shown as separate accounts An automated entry in the system is coming as follows Damaged Promo Personal Use Goods A c Dr 100 To Inventory Account A c Cr 100 Due to this in Cost of sales there is differenc

Objectives of inventory controller


Hi My name is arif khan i am working in abroad as accounts executive i m handling multiple task so i have some quires regarding the inventory controller Could you please explain me what is the main objective of inventory controller

Valuation of inventory


Dear All We are running a salt manufacturing company The process is we harvest the crude salt and the crude salt we wash and centrifuge Then the centrifuge salt is the raw material for our refinery plant Kindly help me to value the inventory of stock on each stage Currently we are considering the di

Valuation of inventory


Dear All We are running a salt manufacturing company The process is we harvest the crude salt and the crude salt we wash and centrifuge Then the centrifuge salt is the raw material for our refinery plant Kindly help me to value the inventory of stock on each stage Currently we are considering the di

Discussion

Inventory issue - please urgent

Dear Sir Madam In an accounting system Damaged goods promo goods personal use Company goods are shown as separate accounts An automated entry in the system is coming as follows Damaged Promo Personal Use Goods A c Dr 100 To Inventory Account A c Cr 100 Due to this in Cost of sales there is differenc

Inventory to investment- cg

1 Date of purchase of shares as inventory 1 5 152 Conversion of inventory into investment on 31 3 2015 Deemed businesses income taxable not if yes under which head 3 SALE of investment on 31 10 2016Can LTCG exemption under 10 38 be claimed by taking date of acquisition as date of purchase of shares

Icds securities - inventory t+2 delivery

As on 31st March an Individual assessee liable for tax audit has purchased stock which was not reflected in holding statement as per the report given by Broker Due to T 2 delivery item was recorded only on 2 nd April in brokers statement Can individual investor account such inventory on purchase dat

Calculating inventory

Hi there learned ones I am looking for multiscrip calculator in excel to calculate my profit and loss using FIFO method Can anyone advise help with excel spreadsheets

Calculating inventory

Hi there learned ones I am looking for multiscrip calculator in excel to calculate my profit and loss using FIFO method Can anyone advise help with excel spreadsheets

More Messages






File Download

  • Accounting Inventory Software

    SMART ACCOUNTANT A Premium Accounting Software
  • Financial Accounting and Tally ERP 9

    Financial accounting Introduction Journal entry Tally Introduction Creating company Creating ledger Voucher entry Inventory Vat TDS tcs
  • CPT- Inventories

    Conceptual problems to give complete knowledge about Inventories chapter from first page to last page I give first priority to concepts Thanks
  • Ind AS 2

    Inventory
  • Inventory FIFO Calculation

    The major problem of SAP is Stock cannot be maintained at FIFO Basis I created this formula to calculate Stock at FIFO Basis through Purchase register

More Files

Articles

Analysis on inventory turnover ratio & holding level


adsbygoogle window adsbygoogle push MANU CONVERSATION BETWEEN MANU AND VINU ABOUT INVENTORY TURNOVER RATIO HOLDING LEVEL VINU Manu Hi Vinu Vinu Manu I am desperately waiting for you Manu Why Whats the matter Vinu My Boss and his brother started business at same time Manu Yes I Know Vinu They are in


Material Procurement - Inventory levels & EOQ


Material Procurement Inventory Levels EOQ An important function of Stores is to requisition materials for replenishment The following tools help Stores to maintain required inventory and to guide on reorder quantity Let us discuss each of the above in detail Maximum Level a It is the upper limit bey


Provision for Inventory


Write down and do not write off Inventory Review of the Rule 3 5B of Cenvat Credit Rules 2004 Change of models customer requirements change of processes poor inventory management can increase a businesss obsolete inventory levels In such cases the best accounting practices suggest writing off provis


Inventory Valuations and Board of Director's Responsibility


INVENTORY VALUATIONS AND BOARD OF DIRECTORS RESPONSIBILITY 2011 12 ONWARD UNDER NEW COST ACCOUNTING RECORD RULES 2011 Inventory valuation is one of the most important task in the accounts finalization process The difference in inventory valuation methods may sometimes lead to the distortions in the


Inventory write downs vis-a-vis Rule 3 (5b) of CCR


Inventories are measured at the lower of cost or net realizable value NRV If the NRV falls below the recognized costs pf an inventory item the respective inventory items must be measured Inventory write downs should reflect the estimated loss in value NRV values are not constant and may change The m


More Articles


Updated on : 10/19/2017 5:29:08 AM



CCI online coaching GST course




CCI Jobs

×
close x
Download GST App    |    x