How will you find a ommission of a bill from entering the accounts when you do not have or seen the bill? That is the bill is ommitted from accounting because of unintentional misplacement of the bill by the accounts department. The accounts department is not aware of the ommission.

How will an auditor will find the above query while vouching or general ledger scrutiny?

Hi All,

Can anyone please tell me the meaning of "Statutory Audit" ?

All properties of partnership firm is transfered to company, is it coming under Capatial Gain ? if it is long term or short term...

hi,
can u tell me what are the consequences of issuing post dated cheques.. which s accepted by the company from its customers.. also pls clarify from audit point of view..

Sir,

Can format of tax audit i.e. form 3CD, Form 3CA, Abstract, Notes to accounts, Auditor's report for companies be provided.

THE FILE IS NOT OPENING.

Dear Experts,

Whether any item purchased below Rs.5,000 then it is to be treated as a revenue expenses ? means considered in expenses head?

One of our client is not agree to capitalized those item which is below Rs.5,000 & They said as per companies act. if any item purchased below Rs.5,000 is to be treated as a revenue expenses i.e. considered in expenses head.

They are also written of fixed assets which is opening W.D.V. below Rs.5,000.

Whether this accounting effect is right or not as per companies act.& also tell me what companies act. said about this type of transactions.

Pls.solve my query asap.

Regards,
Prakash Jasani

Dear Colleagues

I want detailed Audit plan and Audit Checklist on leasing.

please share the file.

With Regards
Saicharan

pls tell me that which type of party covered under sec. 301 of co. Act. and while reporting for loan taken from party cover under sec. 301 is it compulsory to report the transaction done with those party.whether loan from directors are covered under 301.

timming difference of depreciation should be taken difference between depreciation or wdv as per IT act and Co. act.

is there any para in as -22 for the same.