dear sir,
how will make a audit report for the following point
1. in the case of the Profit & Loss Account, of the Loss for the year ended on that date.
i.e.my question is a company has only purchase stock in trade for trading activity but it has not started trading activity till the balance sheet date so company has not made any profit or loss as company has not started trading activity. so how i will present the above line will it will be written as no profit no loss or nil profit or it will just written as in the case of profit & loss account for the year ended on 31/03.
please advice me.

dear sir

my company has not started its commercial trading activity till the end of 31 march only it has purchased stock in trade for trading (i.e.no sales has been made till date after it's incorporation) whether it for accounting it will be deemed that company has not started its operation wheather we have to prepared profit & loss account if no how we will show purchase & closing stock in books of accounts if yes than wheather we have to expensed all the pre-operative expenses in the current year profit & loss account.

Hi
Respected Member,

Please help me in following :-

1. Debtors turnover ratio
2. Creditors turnover retio

3 Fixed assets turnover ratio
4. total assets turnover ratio

I want to know what will be the effect if there is higher ratio and in case of lower ratio respectively of above from the point of view of bank for project finance.

Thanks in advance

How to do audit Provident fund trust

hello experts

i want to know,can a statutory auditor certifie other document of the oragnisation in which he is appointed as statutory auditor. are there any prohibition in any code of ethics or in any law?

Please any body send me check list for stock audit and sample audit report format for physical verification of stocks.my mail ID is citycaashish@gmail.com

I am on with an internal audit and found some non compliance to the companies Act but my colligues says as it is a part of Statutory audit we are not needed to comment on that part. is it correct if yes then how to disclose the same while remaining in the scope. please advice.

Hi
respected sir/mam

i want to know what is interest coverage ratio and for project finance whether is it should be high or low.

if suppose it is high then what will be the effect?

if suppose it is low then what will be the effect and meaning

please help

thanks in advance

Hi
respected sir/mam

i want to know what is interest coverage ratio and for project finance whether is it should be high or low.

if suppose it is high then what will be the effect?

if suppose it is low then what will be the effect and meaning

please help

thanks in advance

Pls explain random sampling and
pls give the format of random sampling