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Sub share broker can pay commission ??

13 August 2022

Can sub share broker can pay brokerage from the brokerage received from the main broker in form of commission / brokerage to person who helps to sub broker to acquire clients !!

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178301 Points)
Replied 13 August 2022

Yes, no restriction. Its a business deal.

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MPR Sanjay Kumar (3118 Points)
Replied 13 August 2022

@ Honourable Dhirajlal sir, as per Accounting standard 2 valuation of inventories, inventory sir value that lower of cost and net realise the value

1. for working progress and finished goods we should have to value lower of cost and net realisable value..

2. for raw material at cost or replacement cost

my question is how to value the raw material how it includes replacement cost could you please tell me???

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178301 Points)
Replied 13 August 2022

Refer:

https://www.caclubindia.com/forum/valuation-of-inventories-451585.asp

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178301 Points)
Replied 13 August 2022

Replacement cost means the cost of any asset if we buy same at current price from market. This cost will change if market value will change.If market price of same asset will be increasing, our replacement cost will become higher due to inflation effect, & vice versa.

Attached File : 1648935 20220813205108 as 2 accounting for inventories.pdf downloaded: 86 times

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