05-28-2011, 04:25 AM
i m an accountant appointed at behria town. in year 2007 our company purchased 842 marlas of land on installment by paying 9100000 in first year and 70,00000 in second..now in first year 2007 company's sales and cost detail is.
sold 452 marlas on installments and total revenue collected is 3500000. cost paid first year is 9100000 and other direct expenses were commission for purchase 200000 + registry 300000 + development cost 500000 while possession of all 842 marlas is taken and when calculating inventory/closing stock as 390 marlas are in stock how i will evaluate per marla cost? as for paying tax i have paid 9100000 only in first year while calculating inventory what cost i will take to find per marla cost?, total of 91+70,00000 + development cost + commission + registry?
when i will go in scond year closing stock of 390 marlas is ther lets say it is 1000000. further in second year development costs were added to land and 7000000 were paid for land now how they will effect in second year? as opening stock + cost paid in year 2 700000 whould't it be doubled while valuing stock?...please guide me thank you
sold 452 marlas on installments and total revenue collected is 3500000. cost paid first year is 9100000 and other direct expenses were commission for purchase 200000 + registry 300000 + development cost 500000 while possession of all 842 marlas is taken and when calculating inventory/closing stock as 390 marlas are in stock how i will evaluate per marla cost? as for paying tax i have paid 9100000 only in first year while calculating inventory what cost i will take to find per marla cost?, total of 91+70,00000 + development cost + commission + registry?
when i will go in scond year closing stock of 390 marlas is ther lets say it is 1000000. further in second year development costs were added to land and 7000000 were paid for land now how they will effect in second year? as opening stock + cost paid in year 2 700000 whould't it be doubled while valuing stock?...please guide me thank you
