How to record full inventory cost for manufacturing company There are three types of inventory for manufacturing company: raw material, work-in-progress (also known as work-in-process or abbreviation as WIP), and finished goods. Inventory is current asset. Raw material inventory has not yet been put into production. They are stored in warehouse before covert them to work-in-progress (WIP) and finished goods. Raw
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Realized or Unrealized gain (loss) of Taxation for foreign-currency transaction After you read this article, you will understand about Realized or Unrealized gain (loss) Foreign-currency transaction A foreign-currency transaction is transaction that requires settlement, either receipt or payment, other foreign currency. When the exchange rate changes between the original sale or purchase transaction date and the settlement date, there is
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Absorption Costing (AC) and Activity- Based Costing (ABC) for Inventory Freight | Transportation Absorption costing is traditional costing method while Activity- Based Costing ( ABC) is modern costing method. Absorption costing is simple way and less time consuming for calculation, but Activity-Based Costing ( ABC) is complex way and more time consuming. Activity-Based Costing ( ABC) is more accurate than
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How to calculate special depreciation for Qualified Investment Project (QIP) A company is large business registered at Ministry of Commerce ( MOC) and General Department of Taxation ( GDT) respectively. Also, this company is granted Qualified Investment Project (QIP) status by the Council for the Development of Cambodia (CDC), so company has two options for tax. For first option, Company can
Continue reading Patent Tax Amount for Small, Medium and Large business The Patent Tax is yearly payment, and the patent tax is applied on total annual turnover. It is paid by the end of 31 March every year. Patent amount will be paid based on size or kind of company or organization as follows. For small business, you will patent tax 400,000
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Cambodia Tax and Accounting Depreciation Cambodia Tax depreciation may be different from accounting depreciation. Accounting depreciation expenses are based on accounting policy of each company while tax depreciation expenses are no option. For example, Company ABC and Company XYZ accounting depreciation using straight line method for building are 10% and 20% respectively. Both companies have option for accounting policies (
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Supplies are exempt from VAT VAT non-taxable supplies mean that suppliers will not charge VAT when they sold goods, products, services to their customers and personal use importation. According to Article 57 of the Law on Taxation (LoT), non-taxable supplies (exempt Supplies) are included the following points: Public postal services Hospital, clinic, medical and dental services and the sale of
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Accommodation Tax អាករលើការស្នាក់នៅ Learning Objective I.និយមន័យសណ្ឋាគារ II.មូលដ្ធានគិតអាករលើការស្នាក់នៅ III. អនុវត្តសំនួរ I.និយមន័យសណ្ឋាគារ ពាក្យ “សណ្ឋាគារ” សំដៅដល់មូលដ្ឋានផ្គត់ផ្គង់សេវាស្នាក់នៅមានលក្ខណៈជាបន្ទប់ គ្រែ និង មានផ្តល់នូវសម្បទា និងសេវាផ្សេងៗទៀត ទៅតាមប្រភេទនៃមូលដ្ឋានសេវាស្នាក់នៅនីមួយៗ ដួចជាៈ សណ្ឋាគារ (Hotel) សណ្ឋាគារអាផាតម៉ិន (Hotel Apartment) សណ្ឋាគារស៊្វីត (Suite Hotel) សណ្ឋាគាររីសត (Resort Hotel) ម៉ូតែល (Motel) ឡូដ (Lodge) បឹងកាឡូ (Bungalow) ផ្ទះសំណាក់ឬផ្ទះភ្ញៀវ (Guest House) កន្លែងបោះជំរុំទេសចរណ៍ (Tourist Camping) និងទីកន្លែងផ្តល់សេវាស្នាក់នៅដទៃទៀតដែលមានលក្ខណៈប្រហាក់ប្រហែល ទោះជាអោយ ឬដាក់ឈ្មោះថាជាអ្វីក៏ដោយ។ ចំណាំ: ពាក្យ “សណ្ឋាគារ” នេះមិនរួមបញ្ចូលផ្ទះជួល ឬផ្ទះល្វែងជួលរយៈពេលខ្លី និងរយៈពេលវែង។ II. មូលដ្ធានគិតអាករលើការស្នាក់នៅ ថ្លៃបន្ទប់ស្នាក់នៅ ពន្ធ-អាករ និង បន្ទុកសេវាផ្សេងៗ(service charge) លើកលែងតែអាករស្នាក់នៅខ្លួនង និង
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