gud morning to all experts
can any1 told me that which co. whose gross turn over above than 60 lakh than they are liable to get audited their account . can u tell me only this that when they will fill their balance sheet after account audited (30 september)

Dear Experts,
This is the 2nd time i am posting this simple query, very important for me. If any experts view this do reply this. How to perform a stock audit?
I need to know abt. it because my office might ask me to do that since 1st april 2012 is fast approaching. Hope all the experts know the importance of stock audit.
With regards,
Rajesh.

IS REVISED SCHEDULE VI IS APP. FOR NOV 2012???
IF YES WHAT BOOK TO BUY FOR FINANCIAL REPORTING FOR CA FINAL WITH EDITION??????

Respected Sir,

My query is that,

I am having land and building showing book value on 01.04.2011 of Rs. 1,00,00000/- but i sold the land & building to the seller for Rs. 1,35,00000/- so the income amount of Rs.35,00,000/- is taxable income ?.

& what book entry will come in land & building ledger.

its urgent.

Dear Sir

whether sales and purchase ledger entry above Rs. 20000/- in cash can be made or not. please clarify me in detail

I have only 2 queries

1, 4 Partners A,B,C,D creates a partnership firm after 1 months there are some purchases which will be paid to sundry creditors but partner B says i will pay to all creditors so how to do entry of it ?

2, partner D want to retired from partnership firm after 1 year. after calculation of capital, partner A decided to pay to partner D all his capital in this case how to do entry in account of partnership firm ?

thank you very much for listening

waiting.....

Sir
What is Guranteed Residual Value IN AS 19
What is the Reason for fixing GRV ?

What is the difference between Internal Reconstruction and External Reconstruction ?

Dear sir,
i work in a firm, wich has negative cash during the year so i want to take cash from partners as capital during the year, is it limitation to introduce a capital in mode of cash, while we know that above 20000/- payment is not valid according to Income Tax.

Dear All,

One of my client engaged in purchase and sale of spare parts for automation related instruments/machines.

They treat it as manufacture, but i suggested thst it should be treated as trading and shown in Trading and P&L A/c.

They do not agree to my comment, Who is correct.?

Also they argue saying what is wrong in treating it as manufacture.
Can u quote relevant case laws / sections in support of ur answer?