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  • Male, 33 Years
  • Activity Score30

Akhil M

Associated for 1 Year 7 Months
Chartered Accountant by profession
  • I teach at My Home
  • I go to Student's Home
  • Qualification:
    CA
  • Experience:
    I am Chartered Accountant by profession. Teaching students of Class XI, & XII - Accounts and Business Studies. B.com & M.Com - Accounts, Audit, Direct Tax CA & CS (Foundation & Intermediate) - Accounts, Audit, Direct Tax. CA... More [+]
  • Teaches:
    Auditing, M.Com Tuition, B.Com Tuition, Accountancy, CS - Foundation, CA - CPT, CS - Executive, CA - IPCC, Business Studies
  • Board:
    CBSE Board, Other University
  • Areas:
  • Pincode:
    121004
Profile Details
Profile Details

Qualification :

CA ICAI 2011

Total Experience :

5 Years

I am Chartered Accountant by profession. Teaching students of Class XI, & XII - Accounts and Business Studies. B.com & M.Com - Accounts, Audit, Direct Tax CA & CS (Foundation & Intermediate) - Accounts, Audit, Direct Tax. CA Final - ISCA only.

Tutoring Option:

Home Tuition Only

Tutoring Approach:

My style of teaching is to provide logic of topic and make the student understand about it. This will help them to remember things for long instead of mugging it up. I am happy to share that with this approach I am able to achieve 100% result.

Hourly Fees [INR]:

600.00

Class 11 - 12 Accountancy, Business Studies, CBSE Board INR 300.00 /hour
College Level Accountancy, Auditing, B.Com Tuition, M.Com Tuition, Other University INR 500.00 /hour
CA CPT CA - CPT, CA - IPCC, CS - Foundation, CS - Executive INR 600.00 /hour
Educational Resources
Educational Resources

Notes written by me [1]

Goodwill Chapter Class XII
  • File(s) contain : 1
9 times downloaded

Notes on Goodwill For Students of Class XII.

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Answer
Answer
  • Answer:

    As per AS 2, Stock at the valuation date to b e done on cost or NRV (Net Realisable Value )which ever is lower. In this case;

    COST is INR 10,00,000 ( 25% of material is in stock)

    NRV is INR 9,90,000 ( INR 11,00,000- 1,10,000 = INR 9,90,000)

    Hence, company's decision to value stock at INR 10 Lacs is not correct. Hence stock to be valued at INR 9,90,000.

     

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