What is meant by Internal Reconstruction ?
Why would a company opt for Internal Reconstruction ?
Please explain with an example.
i have a client who is accountant. he produce before me a trial balance certified by the proprietor. then he ask me to certify profit and loss account and balance sheet. then i match the data of trial balance with financial statements. and write a comment "i have just compere trail balance data with financial statements only, so all the responsibility of trial balance data is of proprietor only." and certify the financial statements so how much responsibility of mine as per my comment, as i have just compare the data and written in the comment accordingly?
PLEASE CLARIFY THR FOLLOWING ADJUSTMENTS
1.) TIME LAG IN PAYMENT OF WAGES AND OVERHEADS IN 2 WEEKS EACH.
& WAGES AND OVERHEADS ACCRUE EVENLY.
2.)WAGES AND OVERHEADS ARE PAID IN THE BEGINING OF NEXT MONTH & WAGES AND OVERHEADS ACCRUE EVENLY.
I REALLY GET CONFUSED WHILE CALCULATING THE PERIOD FOR O/S WAGES & OVERHEADS. FOR ESIMATION OF WORKING CAPITAL WHETHER IT WILL BE WILL BE HALF MONTH OR ONE MONTH.
PLEASE EXPLAIN ME IN DETAIL CONCEPTUALLY.
THANKS IN ADVANCE
MY ID abhipcc@rediffmail.com
Cheque issued but not presented by supplier. How this be treated in books & B/S.
my cheque bounce of Rs.80000=00 for tds on 7th march last date was 7 th march, I redeposit at 9th march, how much interest
& panlty raise for that?
Dear Sir,
We are a Manufacturer & Jobworker of Auto/Engine Parts.
Pl. give us suitable format for BEP.
Hi,
Respected Member of CCI
One of my office client have negative balance in Cash balance in books of account.
So how i adjust such negative balance in positive in appropriate manner and pratical way please guide me.
Before i go my principal i want to know way to handle this.
Thanks
advance
please any one clarify me the difference between Provisions and Accruals.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Internal Reconstruction