Finalisation
This query is : Resolved
21 April 2012
how to finalisation of mufacturing co kindly provide full details how to pick data from tally to finalisation eagerly waiting for ur reply
21 April 2012
QUICK STEPS ..
1. VERIFY THE EVIDENCES OF SHARE CAPITAL
2. VERIFY THE SECURED , UNSECURED LOAN
3. FOR UNSECURED LOAN KEEP IN MIND THE SECTION 269SS AND 269T
4. VERIFY THE CREDITORS LEDGER (I.E LEDGER SCRUTINY) AND CREDIT PERIOD AND LONG TIME DUE PENDING
5. VERIFY THE PROVISIONS
6. ASSET:
VERIFY THE FIXED ASSET PURCHASED DURING YEAR AND DEPRECIATION RATE AS PER INCOME TAX AND AS PER COMPANIES ACT.
- VERIFY INVESTMENT
- VERIFY CASH TRANSACTION (KEEP IN MIND SECTION 40(a)(3) OF INCOME TAX) I.E. PAYMENT EXCEEDED RS. 20000/- WHOLE AMOUNT WILL BE DISALLOWED
- DEBTORS VERIFICATION
* LESS THAN 6 MONTHS
* MORE THAN 6 MONTH
- BANK A/C VERIFICATION ...
- IF STOCK AUDITOR IS THERE THAN RECEIVE THE COPY OF STOCK AUDIT
- PREPARE QUANTITATIVE DETAIL OF STOCK PRODUCT WISE
-
PROFIT AND LOSS ACCOUNT
EXPENSES VOUCHING...
INCOME VOUCHING
GROSS PROFIT RATIO CALCULATION
NET PROFIT RATIO CALCULATION
COMPARE RATIOS WITH PREVIOUS YEAR RATIOS..
1. EACH AND EVERY EXPENSE / SALES
2. RAW MATERIAL CONSUMPTION
ETC.
1. VERIFY THE EVIDENCES OF SHARE CAPITAL
2. VERIFY THE SECURED , UNSECURED LOAN
3. FOR UNSECURED LOAN KEEP IN MIND THE SECTION 269SS AND 269T
4. VERIFY THE CREDITORS LEDGER (I.E LEDGER SCRUTINY) AND CREDIT PERIOD AND LONG TIME DUE PENDING
5. VERIFY THE PROVISIONS
6. ASSET:
VERIFY THE FIXED ASSET PURCHASED DURING YEAR AND DEPRECIATION RATE AS PER INCOME TAX AND AS PER COMPANIES ACT.
- VERIFY INVESTMENT
- VERIFY CASH TRANSACTION (KEEP IN MIND SECTION 40(a)(3) OF INCOME TAX) I.E. PAYMENT EXCEEDED RS. 20000/- WHOLE AMOUNT WILL BE DISALLOWED
- DEBTORS VERIFICATION
* LESS THAN 6 MONTHS
* MORE THAN 6 MONTH
- BANK A/C VERIFICATION ...
- IF STOCK AUDITOR IS THERE THAN RECEIVE THE COPY OF STOCK AUDIT
- PREPARE QUANTITATIVE DETAIL OF STOCK PRODUCT WISE
-
PROFIT AND LOSS ACCOUNT
EXPENSES VOUCHING...
INCOME VOUCHING
GROSS PROFIT RATIO CALCULATION
NET PROFIT RATIO CALCULATION
COMPARE RATIOS WITH PREVIOUS YEAR RATIOS..
1. EACH AND EVERY EXPENSE / SALES
2. RAW MATERIAL CONSUMPTION
ETC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
