Finished goods are valued at the lower of cost or net realisable value. Net realisable value is considered as on the balance sheet date. If subsequent to the B/S date but before the approval of the B/S by the Board of Directors, if there is further decline to the net realiasable value, whether the same would be considered for the purpose of inventory valuation?

pl can any one send me format for noc from previous auditor.

thnaks in advance

Dear Sir/Madam

What is Actuariation method to be followed for provision of Gratuity liability ?
Does the provisioning aspects differs if the Company is SMC (Small medium company)?

Thanks in advance

hello sir

how to get a bank audit for proprietor firm in chennai.

Respected Experts,

Notes for Maintainence of Books of Accounts in SAP Accounting package in 3CD of Tax Audit Report

dear sir
in last year 2008-09 while finalizing a petrol pump's audit report , by mistake tanker freight of Rs. 52 lacs is taken as 42 lacs , sir kindly suggest me how can i rectify it ,
either i can revised the audit report as well as final accounts of last year or to show this 10 lacs as prior period item in current year p& l a/c , if we can claim expenses from such income or not .
please reply soon

ceiling limit of auditor is 45 then wht is classification of ceiling limit i mean how limit is there for public company more than 25 lakh share capital or less than

in detail

No trading/business activity in company during the year and fill a return of loss of RS 10150(which is total of only RoC exp & other exp)....Are liable to Audit U/s 44AB....

Sir,

I want to know how many IFRS are actually there? . it is 8 or 9 or more ?

& IAS are also included in IFRS or they are different ?

from 1st april,2010 final accounts are prep by IFRS only or IAS Or AS will merge in IFRS ?

it will be better if u can give me link for summary of all IFRS .

Also i need guidance in relation to campus interview

how many audit done by a CA (Tax,Staturyand company)