Question
XYZ Ltd. purchases raw materials for ₹5,00,000 and pays transportation charges of ₹50,000 and GST of ₹90,000. The GST is recoverable. What amount should be capitalised?
More Accounts Questions
- Which category of banks has the highest Priority Sector Lending (PSL) target as a percentage of Adjusted Net Bank Credit (ANBC)?
- As per IRDAI norms, where can insurance companies invest to maintain solvency and prudence while ensuring returns for policyholders?
- X Ltd. is merged with Y Ltd. under the pooling of interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated in the ...
- What does the acronym "OCI" stand for in accounting and financial reporting?
- A company reports the following transactions for the year ended 31st March 2025: • Equity Share Capital increased by ₹4,00,000 (including ₹1,50,000 issued...
- What is accounting standard-3 (revised) associated with?
- For which of the following, Specific Act is applicable for preparation and presentation of financial statement?
- In the PM Vishwakarma Scheme, artisans are provided with a toolkit grant of how much?
- Borrowing Costs" under accounting standards (IAS 23/AS 16) include which of the following?
- The government is considering the increase in FDI limit and easing FDI regulations in insurance. What is the current FDI limit in insurance sector in India...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt