Dear Sir / Ma'am,

1. if a Loan is given to an employee by XYZ company then it means tht, the emlpoyee has to return the money back to XYZ company..

&

2. if an advance is given to an employee by XYZ company then also it means tht the employee wud return the money to XYZ..

So whts the difference between them?

should export sales be booked at fob value or cif value?

Sir,

I got COP but waiting for Firm Approval. this meantime i got one assignment of Society Audit. Can i give sign on Audit report on individual basis i.e COP or is it necessary Firm Name

how much money can be assumed as a capital expenditure when a fixed asset is purchased and installed in a company???

If any Director resigns during the year i.e. before completion of year, is he required to submit his disclosure of interet through Form-24AA before BOD?

Thanks & Regards.

Dear Sir/ Ma'am,

Can you please explain the difference between loans & advances in Asset side?

also what does Loans in Liability side refer to? (kindly explain)..

I would b really obliged if you can answer me these questions. Also if you can let me know what book should I purchase if i want to get all these info from? I have forgotten Accounts a bit so need to brush up..

can a CA prepare audit report as per clients request evenif the audit does not required under income tax or companies act.

( The client required audit report as per bankers request to get his account audited.)

(Clients Turnover is Rs. 28.00 Lacs and Income declared is Rs 2.80 Lacs)

Balance Sheet of a private company which is a subsidiary of a Public Limited Co. reports as follows :
1. Share Capital- Rs. 25 Lacs
2. Reserves- Rs. 20 Lacs
3. Loans- Rs. 20 Lacs
4. Turnover- Rs. 4.50 Crores

Whether CARO is applicable

Kindly guide about treatment of Preliminery Exp. in Revised Schedule VI.

I wanted to know if there are any technical guidelines for audit of Jewellery industry. What should I do if I want to implement an internal audit department in a jewellery industry? Right from the basics.