What is the treatment of Live Stock ? if it is transfer to
the Profit & Loss Account or otherwise it will be treated?
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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.
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DEAR SIR,PLEASE INFORM US THAT BETWEEN BILL DATE & INWARD DATE WHAT DATE WE HAVE TO WRITE IN "C" FORM.AS WHEN WE RECD.BILL IN DATED OF 30TH JUNE, & WE ARE TAKING THE SAME IN JULY AS OUR INWARD DATE, IN THIS CASE QUARTER HAS BEEN CHANGED & PARY IS ASKING FOR BILL DATE IN "C" FORM INSTEAD OF INWARD DATE.KINDLY HELP US IN THIS REGARD-RAJESH PATEL.PH.079-25624003
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