1. Categories >> Accounting >> Taxation
  2. Suggest New Category

What is the treatment of Live Stock ? if it is transfer to
the Profit & Loss Account or otherwise it will be treated?

Question Posted / hasmukh chatwani

Answers were Sorted based on User's Feedback



What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherw..

Answer / hitesh

live stock is never depreciated....

Is This Answer Correct ?    1 Yes 0 No

What is the treatment of Live Stock ? if it is transfer to the Profit & Loss Account or otherw..

Answer / parul

Live stock will be depreciated as per revaluation method.
Every year revaluation will be made and differencing amount
will be written off to p & l a/c as depreciation.

Is This Answer Correct ?    1 Yes 1 No

Post New Answer

More Taxation Interview Questions

What is the method of Calculation of Deffered tax as per AS -22? Which income is included in calculating Deffered tax? Net profit or Sales for calcultion?

4 Answers   Ernst Young,

what is exemption if tds? who & what get benefit of such exemption of tds?

2 Answers  

i want to leanr the TDS on Salaries and TDS rates

3 Answers  

what is meaning of secondary & higher education cess.

0 Answers  

What is the TDS . and how can we identify this is TDS Deductable or not.

4 Answers  




What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???

0 Answers   Capital IQ,

What happen if employer not deduct t.d.s. on salary paid upto December?

2 Answers   TATA, Wasankar Wealth Management,

what is the defference between CST with C form and CST With out C form?

2 Answers  

Penalty if Advance tax is not paid on time for Individuals and companies?

0 Answers  

DEFINATION OF CONTRACT ACT IN PARTNER SHIP FIRM AND COMPANY?

0 Answers  

What is the diff between Comercial tax and sales tax?

2 Answers   Idea,

Condition 1. If buyer A(in rajasthan) purchase the steel from buyer B(in gujarat. B is a plant of Company. A purchases directly from Plant. A having C form. what would be the tax levied on A. What would be his benefits through C form. Condition 2. If A purchases the steel material by the Company warehouse which is situated in rajasthan. A also is in rajasthan. what type of benefits A gets. Both the parties are registered. which condition is best for purchase either 1 or 2

1 Answers  

For more Taxation Interview Questions Click Here
Categories