accounts
This query is : Resolved
Sankar Chakraborty
(Querist)
17 July 2010
what is consumable stores in a manufacturing company viz. what are the items to be grouped under Consumable stores ?
please help
please help
Rahul Gupta
(Expert)
17 July 2010
Consumable stores means the items which are consumed during the production cycle period.
They are characterized as having short time duration of generally production cycle period, are small in value and are used for the production process, may be depleted or worn out by use.
Certain Examples like oil and grease, rough clothes used in factory,waxes, polishes, polishing system supplies, supplies of food, fuel, spare parts, etc depending upon the manufacturing activity.
They are characterized as having short time duration of generally production cycle period, are small in value and are used for the production process, may be depleted or worn out by use.
Certain Examples like oil and grease, rough clothes used in factory,waxes, polishes, polishing system supplies, supplies of food, fuel, spare parts, etc depending upon the manufacturing activity.
17 July 2010
Agreed with Rahul ji.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Advances to related party
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- ETDS return q4 25-26
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
