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Thank you sir
Best!
i think discount on sale should have been added
q6. scrap cost is already deducted from direct material to arrive at the prime cost. and you have deducted again? why
also isnt bad ebt considered oneof the selling overheads
revenue recognition ki entry reverse nahi hoti therefore bad debt provisioning hoti h P &L m not part of cost sheet
but in icai module, the sale of scrap is subtracted after computing work cost to find out the cost of production, please guide me on which one is correct
logically scrap toh production ke baad hi occur hona chiye. production ke phle scrap kaise ho skta ?...so in that way, process is correct
Thank you sir
Best!
i think discount on sale should have been added
q6. scrap cost is already deducted from direct material to arrive at the prime cost. and you have deducted again? why
also isnt bad ebt considered oneof the selling overheads
revenue recognition ki entry reverse nahi hoti therefore bad debt provisioning hoti h
P &L m not part of cost sheet
but in icai module, the sale of scrap is subtracted after computing work cost to find out the cost of production, please guide me on which one is correct
logically scrap toh production ke baad hi occur hona chiye. production ke phle scrap kaise ho skta ?...so in that way, process is correct