Respt Sir
During FY 21-22 firm purchased 1000 units of x item @ 80 Rs per unit ie total 80000 and sold 600 item @ 160 per unit during same FY, closing stock of 400units carried forward for next FY year ie 2022-23 valued at 40000
In FY 2022-23 firm sold 100 units @ 100 Rs per unit and balance 300 units valued at 30000 as closing stock
now in FY 22-23 firms inventory turn over ratio = 0.28 which is less than 1 so whether do discontinued such item to buy being turnover ration is less than 1
Inventory Turnover ratio = COGS/Ave Stock
please guide

Sir,
A registered dealer selling of goods transaction to b2c customers only.
Cash sales and sale through on Google/paytam two types
Question:
Dealer cash sales and sale through on Google/paytam transactions total consilated amount entry passed end of month in books correct procedure.

Dear Sir,

We made repairing work at office ceiling due to Water leakage & Costing is around 10 Lacs.
Approx. 6 Lacs for labouring & 4 Lacs for material use for repairing Both supplier is separate.

Now Question is that this would be Expense out or Capitalized in books ?
Please explain.

What will be journal entries for maturity of government of india bonds.
Purchased at discount. i.e. face value Rs.10000 & purchased at Rs.9000. on maturity received Rs.10000 & in books shown at Rs.9000.

Hi,

We are a Sector Skill Council of India and our business is to give training to the candidates under electronics job roles. We don't do it ourselves. There are Assessment Agencies and Training Partners who are affiliated with us and do this work on our behalf.

For a particular training, we receive our payments from the respective govt. dept. and after that we have to pay to our Assessment Agencies after deducting our share. Some of the Assessment Agencies are registered under MSME act.

My concern is can we hold the payment of these MSME until we get the payment for that training because our policy is that we've to release the payment only after getting our payments from the govt. but sometimes we don't get payment on time.

So in that case can we delay payment of MSMEs until we get our payment or we've to pay interest on delayed payment to MSMEs. Please suggest what is the solution in this case?

Regards

hii,

dd collection is in erp 9 under which title.How should it be accounted for?

Hello,

Can you tell me what is depreciation rate should be accounted for Motor Vehicle in United Kingdom ?

Should we capitalized Depreciation cost if P&M directly related for R&D ? If Yes, then how can we reconciled depreciation as per PPE schedule & depreciation cost as per P&L ?

Promoters 10000 shares
rs 10. Pd up Val. 100000
FII 5000 shares. 10. 50000
ESOP 5000 share. -- ----- Total. 150000
In 1st 2nd and 3rd Yr shares are likely to vest 20% , 30% and 50% out of which 80% shall get subscribed

Calculate the value of equity ??

Dear Sir

Today we have deposit the challan under 194 I but by mistake we select the FY 2022-23 instead of 2023-24. Trace site dont show the challan for correction & secondly we see the video on google ,, he say you have not select the 2023-24 bcoz you have select only prior fy.

Please guide me