dear expert
as per the rbi circuller bank need to collect purpose letter again cash transaction =>10 laks per day and cumulative cash transaction =>10 laks also,
e.g if for day ther r 3 cash transaction i.e 1) 11,00,000 2) 4,00,000 3) 5,00,000
and customer provids only 1 purpose letter against 11lakhs transaction so is it ok if he dont provid letter against (4lhks+5lhks) as the total is 9lakhs only which is below 10 lakhs...and if the other 2 transaction total exceed 10 lakhs than only bank needs to collect letter for that..

how to start a bank concurrent audit??major poin ts and daily routine to be considered for this???

Hello,

A fire occured in my client's premises resulting into destrcution of all the books of accounts alongwith evidences. So, should we give disclaimer of opinion report or a report which we can frame from our working papers.

Also, our audit fees is pending since last 3 years so whether we can deny to sign the audit report or we need to sign the report.

Please advise at the priority.

Sir,
Please Solve my Query

1] Depreciation as per company law act 2013 start from 01/04/2014

2] Previous Depreciation As per company law 1956 can use for F.Y 2014-15 voluntary or as per act 2013 depreciation compulsory from 1 April 2014

Please suggest me

I am having working with a company.It is a service provide company. it's brand name is X, and company name is H.

Issue is Creditors give invoice name of x.
I want to know this is right or wrong.
this is a MNC company.

A Ltd has taken a 3 yr loan specifically for a business whose operating cycle is 4 yrs. Hence had classified the same as current liabilities.
State correct or not with reasons

what is a technical nature offence u/s 8 of CA Act 1949?

In case FD has been provided as collateral security and the maturity date comes within sanction period what should bank do? Suppose sanction date 01.02.15 and FD matured on 30.05.15.

A contractor is installing CCTV camera in office premises. The total bill amount being Rs. 2,84,961. The contractor has submitted the bill inclusive of the service charges, material installed & labour charges.. Is i t necessary to segregate all the expenses in the bill,, at least the material supplied one.. If yes, kindly tell the governing rules & appropriate sections...

As per companies act 2013, the qualification of an auditor is that he should CA as per CA act. Also he is disqualified if he is in employment elsewhere. But it is nowhere written that he should be practising CA. So whether a CA not holding COP can be auditor of company if he is not in employment elsewhere?