Hi

1) In case of purchases how to apply cut off?
i.e. a)whether on basis of invoice date
b)when goods enter the factory gate c) when they are finally accepted and enter into purchase register. or any other method?

Wht are the imp. topics for Ipcc Nov.2011 Exams.. Plz rply me soon...

Sir,
Query:
A Real Estate Company has acquired certain land and started working on that land.My question is what should be the accounting treatment of Land and the Cost that has been incurred on land till the date the projects gets completed?

Can anyone please help ?

how debtors shown in balance sheet can be verified?

I would like to know when I have taken a Certificate of Practice in 2010 - Can I sign the Balance Sheet of FY 2009 or before.

Presently Amnesty scheme is underway where last 6 years Balance Sheet can be signed. Can I sign the Balance Sheets of last six years under that scheme or I need to certify the B/s from an existing CA who has a COP since 2004 onwards.

Dear Experts,

One of my client deals with a transporter who is not provided his PAN to us, Do i need to report for deduction of TDS in his first transaction itself or is there any limit, as we are treating it as contract U/s 194 C i.e 75,000.

Kindly guide me regarding the issue.....

Dear Sir,

Query 1 :
whether CA authorization is required on balance sheet and profit & Loss a/c schedules.

Query 2 :
X company has availed a loan 2cr (Cash Credit Limit)from Z Bank in the 2009 (i.e.AY09-10)

my doubt is in the AY 10-11, in Balance sheet under secured loan it is reflecting. whereas, in Note to accounts auditors has not discussed that company is enjoying CC Limit.

Whether it is mandatory to discuss in the notes on accounts or not. please help in this issue.

what is the provision for expenses? how it will be calculated ? what is pecentage of provision required ?

Can anybody let me know various communication(through letters) which are made between auditor & client before and after commencement of FIRST AUDIT.--SHOULD BE IN A SEQUENCE

Mr. A is a chartered accountant who his holding COP and practices as sole-proprietor with name M/s. A&co., chartered accountants. He is also a non-executive director in a Private Limited company. Now can the Pvt.Ltd.co., appoint Mr.A, as its internal auditor......In simple language can a director of a company be appointed as its internal auditor.....