Proprietory firm and expense of proprietor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
In the audit of a proprietory firm with tax audit, do I need to check vouchers and documents for payment made of Proprietor's personal expenses?
What other points to consider while checking Capital account of Proprietor in books of Proprietory Firm?
What other points to consider while checking Capital account of Proprietor in books of Proprietory Firm?
19 August 2013
Yes you have to verify vouchers and do the ledger scrutiny.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
How is ledger scrutiny done?
19 August 2013
check the major transactions done in the prop capital account cross verify them,check the supportings available, check all the cash transactions 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
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
