What is the accounting treatment given for shares applied for by a company in another company? Is the amount paid on shares be shown under Share capital-share application money or under Advances in Current assets-debtors?

Can any one pls tell me what matters are to be looked into while vouching import purchases?What forms are to be looked into?

Urgent ...pls

Whether auditor should qualify the audit report if company has not provide depreciation? Whether it will be okay if he writes the same in notes to accounts instead of qualifying report?

please explain briefly what is meant by pro-rata depreciation with example

what is the meaning of interim dividend

Dear Experts,

Sir any private limited company (Consultancy firm) can become internal auditor of any company?

what may be the reason for changes in GP Ratio of 2 Asst. Years?
For Eg. in first A Y the turnover was 20000, GP 10%, i. e., Rs 2000, but in the next year the turnover hikes to Rs. 30000, 9% GP, i.e, 2700.

Dear Sir

I got job in Mutual Fund service provider company in internal audit section.

Please give me an ideal about that job.

with regards
Manikandan

I am enjoying cash credit faclity of Rs. 1 lakh for my partnership firm with business turnover of Rs. 20 lakhs involved in retail trade. Recently my bank asked for audited financial statements of my firm stating that now as per RBI circular any customer whose turnover is more than Rs. 10lakh and is avialing any advances from bank needs to get accounts audited.

Where as per Income tax act My firm is not required for audit as turnover is juts Rs. 20 lakhs? Can anyone confirm the has RBI issued circular to thath effect?


Regards

Divyesh

Dear expert,
what are the reports & forms submitted upon completing
1. Tax audit &
2. Statutory audit.

pls reply.

rgds.