Where any buyer fails to make payment of the amount to the supplier, as required under section 15, the buyer shall, notwithstanding anything contained in any agreement between the buyer and the supplier or in any law for the time being in force, be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day or, as the case may be, from the date immediately following the date agreed upon, at three times of the bank rate notified by the Reserve Bank.what is the exact bank rate to be considered for this purpose? from where we have to take this exact bank rate

RESPECTED SIR/ MADAM,

I WANTS TO KNOW HOW TO AUDIT THE DOCUMENTS OF IMPORTED RAW MATERIAL REGARDING DOCUMENTS REQUIRED, LEGAL PROCEDURE, RBI ACTS AND RULES, PAYMENT OF PARTIES AND FINANCE REGARDING THE SAME.

PLEASE PROVIDE THE INFORMATION AS SOON AS POSSIBLE.

REGARDS,

PRABHAKAR

Hi friends,
can i get a format/proforma of DUE DILIGENCE REPORT.pls help me by giving if you have one.
This is a typical issue in my project

What all points i should consider for auditing Export sales?
Pls let me know

warm rgds
sadanand

Please provide me the differences between NACAS Rules and ICAI Accounting Standards.
Kindly respond at the earliest.

Respected Experts

In 15.01.2008, there is a fire in godown of a PSU company.company booked rs. 1 crore as a claim amount and entry has been passed in january. in april month insurance company grant claim rs.80 lakh. what are the accounting treatment in the balance sheet as on 31.03.2008. balance sheet date is 05th may 2008.in which amount we shown in balance sheet.

hi,
how start the internal audit

Will the provision of revenue stamp attract on advance payments?

I wish to know whether there is any software for audit control & reporting
CA Ram GAvade

Dear All,

Can anybody provide me the format of Internal audit checklist for a manufacturing unit.

this audit will cover all areas of factory and we wish to locate ways to get efficiency in financial matters.

I require some format for the quessionaire to be covered.

Please mail me on my id mandeep_singh@colpal.com

or

mandeepjal@yahoo.co.in

Seeking your support,

CA Mandeep Singh