Cost audit
This query is : Resolved
05 August 2012
Hi...
What is the treatment of Foreign Exchange Fluctuation Gain/Loss in Cost audit???
Is it a cost Or Non Cost??& Why??Please give me a reason.
What is the treatment of Foreign Exchange Fluctuation Gain/Loss in Cost audit???
Is it a cost Or Non Cost??& Why??Please give me a reason.
06 August 2012
as per AS11 FX gain/ loss goes in to P&L Account and can not be part of cost of P&M or any other asset. The companies Act is also amended suitably.
may be you can refer Cost Accounting Standard.
may be you can refer Cost Accounting Standard.
06 August 2012
For Costing,
In case if It is related to material,is it a cost??
If no,what is the treatment??Is it included in reconciliation???
In case if It is related to material,is it a cost??
If no,what is the treatment??Is it included in reconciliation???
19 September 2012
Yes it is included in reconcilation statement....... all costs that do not form part of normal production are shown in reconcilation......
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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
