Respected Experts,
Can anyone guide me on how to audit petty cash (and its expenses) from an cash embezzlement point of view.
2) Please tell me what are the documents i should view?
3) What are the supporting documents i should verify if an expenses is debited?
4) What are the ideal internal controls for that?
Its highly essential for me at this time. Please give me an elaborate explanation.
Thanks & Regards,
Rajesh.
Can a Co. stop charging depreciation if it had stopped manufacturing & is a loss earning co.?
Urgent !!!
My client has taken loan of 40 crores from Financial institution /NBFC on floating rate of interest. Therefore a minor increase in interest will cause major impact on the financials.
My question: i. Can the interest rate be hedged
ii. What are the ways of hedging it
Suppose i have set up a factory building for a new project on 1st Sept, 2010. The factory is totally ready. However the plant and machinery required for production is installed on 1st Dec, 2010. When should the factory building be capitalised. Once production starts, on installation of P&M or from the time Factory building was ready.. Plz advice
Please help me in passing the accounting entry for free samples distributed in case of manufacturing concern.
In a Aviation Company, Crockery used in the Flights were not being recognized in their balance sheet as any of their assets, even no valuation as on date for crockery was available.
It should be recognized or not?
What is the limit of articles that can be trained by a newly qualified Chartered Accountant.
do we need to have atleast seven partners in a partnership firm to do a statutory audit of a listed company ??
..................................................................................................................................................................................
Can anybody detail me what is shares held in abeyance in realtion to section 206 A of companies Act? I have gone through the Act but didn't find explanative?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Petty cash audit.....from an embezzlement point of view..