Answer Posted / mathavan
Transfer fund in other bank..
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Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
A----------involves transfer of money or moneys worth from one person to another
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