what you mean by landed cost?
Answers were Sorted based on User's Feedback
Answer / gibi thomas
Landed Cost of a Rawmaterial is COst From The Place of
Manufactured Centre to a required Area,It Includes Basic
rate of material,Exicse Duty,Vat/CST,Packing & forwarding
Charges,Transportation Charges,Insurance.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / h.r. sreepada bhagi
Landed Cost of any Good comprises of the Cost of goods
payable to the supplier, transportation, insurance, loading
& unloading charges, incurred by the purchaser. In other
words, it is the total net cost incurred by a purchaser in
getting the goods/materials in his place of business for
sale or use them in the manufacture of other goods.
If Excise Duty & VAT are charged & the buyer is entitled to
take credit of the same, it should not be included in the
cost. These should be reduced from the invoice value while
arriving at the landed cost.
| Is This Answer Correct ? | 0 Yes | 0 No |
Bank Overdraf is an Asset or a liability for a Bank?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
Hi all of you my name is Purushottam Kumar i would like to ask this question to every user of this site.My question is 'Where does losses goes in Share Market'?
How much is to be DEBT/EQUITY ratio to be a good company...???
what is accounting
Expand----------CPC
Which balance for profit ? debit or credit? also which balance for Opening Stock?
What is the difference between payable and accrual
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
what is the sundry creditors for expenses ans with examples
what is the use of special general ledger if the normal trasaction in usage.
Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??