Audit QnA - Page No 201

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yesha

24 December 2013 at 09:33

Risk

what is an assertion level of risk in risk of material misstatment ??? kindly explain with examples

Anonymous

23 December 2013 at 17:23

In my company 2 entries are made for payment of interest in EPC A/c as follows,
In EPC A/c
1)Bank interest EPC limits 1,99,525
To. Bank EPC A/c 1,99,525
In CC A/c
2) Bank EPC A/c 1,99,525
To.Bank CC A/c 1,99,525
Why this practice is followed, is it correct?
If yes, then why?

vaishnavi nair

23 December 2013 at 10:48

Anamoly

what is anamoly?

AshishLimaye

22 December 2013 at 22:22

Clarification for suspense account

While reconciling it was observed that
In case of one party bills booked on time but not paid for two years. However party not asked for payment for that specific bill.Then can we put that bills in suspense. Other wise rest account is reconciled. if yes should we put in suspense in current year because balance sheet of previous yr is finalized. Let me know accounting treatment. Also let me know if there is any other alternative accounting treatment

ganesh

22 December 2013 at 18:04

Tds for sub contract

hi Am running private limited company i.e painting contracting company. 1. we taking home painting work contract from the customers and give the sub contract to to paint worker by leasing our profit. is required to deduct TDS while giving sub contract to workers? if s how should I deduct? Pls help me to resolving this problem?

Anonymous

22 December 2013 at 18:00

Concurrent audit of banks

how do i get concurrent audit of banks..

Anonymous

22 December 2013 at 15:05

Cost audit of partnership firms

Dear All,

Can any one tell me whether a partnership firm (not an LLP) who is engaged in manufacturing process is required to get its cost records audited or not.

If yes, then under what circumstances.

Please guide.