Audit QnA - Page No 174

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Anonymous

14 June 2014 at 13:32

Tds on payment of interest on purchases

TDS need to deduct OR Not for Payment of Rs. 1,77,000 as Interest on Credit Purchases by A HUF Proprietorship Firm?

Supplier says, since it is Proprietorship Firm, there is no need to deduct TDS. But I doubt, Supplier want to take advantage of Ignorance of Buyer.

Will Buyer comes under fault if he does not deduct TDS and deposit to Department in such case?

Soni Jeswani

14 June 2014 at 13:22

Sales through agents

If sales made through agent to whom commission is payable.... In that case Is it necessary that in sales bills name of agents is written?

How we can check that in auditing??

Anonymous

13 June 2014 at 17:52

Audit

Can a proprietor considered his new activa booking expanse in his account as other expanse??

And what is importance of head of expanse??
If legal expanse I treat as other expanse any problem over accounting??

PRADEEP KUMAR VATS

13 June 2014 at 17:41

How to increase cash in hand

Dear all

Please let me the ways of how to increase the cash in hand bonafidely.

Regards
Pradeep Kumar

Anonymous

13 June 2014 at 17:08

Internal auditor

IS INTERNAL AUDITOR ALSO GIVE HIS/HER EXPRESSION ON FINANCIAL STATEMENT

Anonymous

13 June 2014 at 11:38

Expenses to director of a private company

Sir,
Expense relating to lunch, coffee and guice provided by company to Managing director on occasionally . does this expenses will be allowed as expense to company and under what expense head to be account. Dues business promotion exp. head is proper or not.

Naveen Bacchani

13 June 2014 at 09:14

Capitalization of assets

A school is purchased a land. school done some JCB leveling work and built boundary only and debited such expenses under land cost ...can it is a land cost or building cost..

Apoorv Verma

13 June 2014 at 00:42

How to become a auditor

As I am new to CA would like to ask to which subject I should focus most.My favourite sub in ipcc are accountancy,law and audit

abish

12 June 2014 at 23:22

Want to join in article ship

I competed b.com this year.now I'm a direct entry student for IPCC. I requires to join in article ship within coming august.so please address me as soon as possible.urgent requirement.

CA Pramod Jain

12 June 2014 at 15:48

Advance received from customers in forex and refunded

Company has during the year received 20lac $ as advance against supply of material and refunded the same 20Lac $ during the year due to cancellation of order.exchange fluctuation cost has been reimbursed by customer.

My question whether to show this in notes of account as forex inflow outflow.