if a partnership firm have loss of 1500 rs with turn over of Rs. 650000 , is audit nacessary

what is meant by block box approach and white box approach

Please help me in the following issue..

is there any minimum amount for which bill/invoice should be maintained for business expenses recorded in the books? OR

the voucher prepared by the auditee (client) is sufficient.

Hi Sir,

Last year we showed work-in-progress which is work done but invoice not raised(in the month of March)but this year also not raised for that particular amount because work damaged so now we need to show as bad debts so is it possible or not please suggest me if yes how to pass the entry

Dear Experts,
One of my client (Branch of Limited Company) opens a new branch in UP.

Its starts operation from June 2011.But Opens branch from November 2010 however they had not prepared books of accounts for 31 mar 2011.
My querries is that -
1.Is it new branch treated for this year 2011-12?
2. They paid expenditure upto 31 mar 2011 for fixed Assets and also made provision for exp payable for Salary and Rent becaz they hired employees and take office on Rent?
3.Hence Opening Balances shown in opening 1-4 2011.Is it correct.

Kindly provide the important area to be concentrated for CENVAT credit under sec.14aa for auto mobile industry. please specify the area wise attention for input credit, input services & capital goods for availing credit & reversal of credit

Hello,
Misc Expenditure has been brought forward from previous years.
Now as far as my knowledge is concerned, no specific treatment for disclosure is given in Revised Sch VI.

So I needed to know the disclosure requirement as per Revised Sch VI i.e. whether it would be shown in Non Current Assets or Other Current Assets

three firms have been invited by cooperative bank for conducting the statutory audit and asked to give quote.
Three have given quote say 100, 75, 150. the special officer has bargained for 50. two people who have quoted 100 has accepted for 65 and another one who has quoted 150 did not accept for reduction. a person who has quoted 100 has accepted for special offer of 50. all the offers has been openly discussed in the hall in the presence of speical officer, and inspectors of the bank and the auditors. is there any violations of ethics by the person who has accepted so offcer. kindly breif me

Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.

Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.