Anonymous
05 June 2018 at 00:17

Conflict of interest

Kindly clarify provision of companies Act and income tax act , where father is the director of a college registered under religious trust and his son is appointed as a statutarry auditor of the same college,the college is run by a governing board where the director signs the financial statements.


Rizina

What shall be the accounting for dividend paid in excess of that proposed for the last year?

Can it be shown as exceptional item?? or under reserves ?


Prashant Sagar
18 May 2018 at 08:58

Unadopted fs

Suppose, audited financial statements are not adopted in AGM and even in adjourned AGM then what will the responsibilities of the auditor, it is sure company has to file unadopted FS to ROC unitl FS are adopted but even in the adjourned AGM FS are not adopted by members then are there any obligations for the auditor to comply or whether the auditor is free after issuing the Audit report??



Anonymous

i want to know whether autitor is reuired to keep book of account of client in his own records


MURALIDOSS
15 May 2018 at 17:20

Cma report

Sir,
For individual /pensioner apply for bank loan for construction of marriage hall, prepared and submitted a Projected income and expenditure a/c.. cashflow , fund flow statement, now the banker asking CMA REPORT, But that is for business people right? Can I just fill the current liabilites, assets, etc, enough?

please...


manoj sonalkar
10 May 2018 at 14:00

Current tax provision

Is it necessary to make Current Tax Provision on Monthly basis or it should be made once in a year. What is more appropriate policy so that true & fair picture will be shown to management.


Nimitha K.R.
09 May 2018 at 15:11

Notes on charges

Good afternoon all,
How to write a note on charges created in notes to accounts. Is there any standard sentence for fixed and floating charges created.


Omprakash saini
03 May 2018 at 17:34

Tds

Hello,
Please suggest me that tds will deduct or not on Office Lease Rent. I am waiting your best suggestion.
Thank Yo



Anonymous
01 May 2018 at 11:01

Out standing dues of memebs

Sir,

Societies accounts are audited. Inadvertently Out standing Interest of Last quarter of the financial year (Jan-March) was not included in the closing balance of Out standing Dues in Balance sheet.

Bills for current financial year are issued with correct out standing balances.

Now while preparing Balance sheet there is difference of amount equal to the interest for the period Jan- March of previous year.

In such situation how to correct the mistake?

Regards
ANGS


Omprakash saini
30 April 2018 at 13:45

Tds

Hello,
Please suggest me that tds will deduct or not on legal expenses for stamp duty and documents for disbursement of loan. I am waiting your best suggestion.
Thank You






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