Audit QnA - Page No 205

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shikhar sharma

09 December 2013 at 13:41

Profit shown by a partnership firm under audit

my query is, if a partnership firm whose gross turnover exceeds rs.10crore in a f/y can show profit at a rate less than 1% of turnover ??
that is if the actual profit earned by the firm is as low as 0.5% of its turnover and it gets its books audited by a practicising C.A will this be accepted by the govt./department?

rohit

09 December 2013 at 12:38

Bank limits

HOW TO GET BANK LIMITS,
WHAT IS LIASONING WITH BANKS, I HAVE SEEN THIS IN JOB PROFILE?

dharmender

07 December 2013 at 14:36

Verification of bank accounts

How to verify the number of Bank Accounts does a company have.

Parvez Ali

07 December 2013 at 13:41

Resignation or termination

An employee leave the Co. without any information.
how can i treat him,
as a resignee or terminate.
if resignee- notice period deduction. but he still not given resign.
Terminate- then we cant deduct the notice period.
plz suggest me how to treat this.....

Neha Kothari

07 December 2013 at 08:59

Matching opening balances

Dear Expert,

Kindly advise, how to match closing balances as on 31-March 2013 with opening balance of 01-April 2013.I am using Tally 9.

Also, pls advise, can there be difference in current assets of these 2 dates.

Pls revert asap. Thanks!!

Jibin Thomas

06 December 2013 at 13:21

Query..date of signing the balance sheet

when u have done balance sheet audit of 9 years of an AOP in the current year...on which date the ca can sign the balance sheet..is the date on which the balance sheet prevails or the current period....if u can quote any sections or provisions supporting it that will be gratful...thanx