Inventory

This query is : Resolved

Report Abuse Follow Query Ask a Query

kritika

kritika (Querist)
Follow

21 August 2013 what entry to be passed for goods used for office purpose and not sold

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

21 August 2013 treat as expenses

kritika

kritika (Querist)
Follow

21 August 2013 please answer me..

Upgrade to CAclubindia Pro. Subscribe Now!

kritika

kritika (Querist)
Follow

21 August 2013 if i enter so, would it effect inventory? i want inventory to be effected

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

21 August 2013 yes

kritika

kritika (Querist)
Follow

21 August 2013 will you please guide me regarding entris? so thst i can takeup the right path

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

21 August 2013 plz provide the details

kritika

kritika (Querist)
Follow

21 August 2013 i have got 3 boxes vch were used for experiments at office and not been sold..

Upgrade to CAclubindia Pro. Subscribe Now!

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

21 August 2013 If it was used for research then
Reserach and dev exp a/c
To Stock( from Inventory held for sale if they were RM or FG etc.)

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

21 August 2013 agree with mr. tushar

kritika

kritika (Querist)
Follow

22 August 2013 thank you sir...

CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
Follow

22 August 2013 agree with Tushar

Upgrade to CAclubindia Pro. Subscribe Now!

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
Follow

22 August 2013 Inventory used for the purpose of Self consumption required to be Capitalized/Treat as R&D Expenses.

Please note Further if Cenvat & VAT credit has been already taken on these inventories, Then it required be reversed

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Inventory

Similar Resolved Queries

Trending Online Classes

Quick Links