dear all
In my client for salary calculation Loss of pay calculated like this
1.LOP=(Basic salary/31)*No.Leave

In my opinion 2. Lop=(basic salary/26*No.Leave)
Which one is Right
Is it any problem if the company following the first Which one is as per law

I want to know that in case of pvt.ltd co. audit reort should be adressed to bod or share holder? pls help.

Sirs,
i am auditing a company and the main business of the company is software development. Company also charges VAT on sales of the software whether there will be inventory or not?

hi I m Mohit student of IPCC i ask to u how to prepare for audit Exam for gets good marks pls give me paper pattern detail(which is most ask question in exam) and pls give idea for better marks in sevice tax, vat & some basic tips for solution question i have no idea for some basic chapter:
1 Partnership
2 Ammalgmation
3 Hirepurchase
4 Investment
5 Dissolution,Saleto co.
6 flow chart
7 Case study of SM
4 Marginal Costing,capital budgeting
Pls reply to all query as early as possible i m thankful to u

What are the area to be considered in internal audit of order to cash?

Hi,


Please provide the list of items that includes in Turnover U/S 44 AB?

what is meant by qualification of audit report?

One of Company has issued cumulative participative preference shares.The Company has not declared or provided preference share dividend on shares during the financial year 2009-10. As per
Companies Act, 1956 dividend accrue,even though not declared or porvided in books of account for F.Y 09-10. As per para 13 of As-20 the current year's dividend on shares should be reduced from PAT for calcualatine basic E.P.S eventhough not declaed or provided in books. This affects indian corporate world substantially. Please explain.

If the Company has taken foreign currency loan for assetunderconstruction and the interest monetorium period is 6 years Should we book exchange gain as on 31st March,2010 as income or reduce(decapitalise) the cost of asset under consturction ? This affects indian corporate histroy greatway.Certain companies reduce cost of asset under construction due to exchange gain on such loan taking base of notification of As-11 issued on 31st March,2009.Mr.Dolphy De'sauza also opines the same may be credited to profit and loss account Please explain which is correct accounting effect to reduce cost or to book the same in profit and loss account

Hi
Respected Member

I am PE-2 student and i cleared my 2nd group in PE-2 now i going to convert in IPCC so can i start my articleship.?