Provision for salary payable made in 2008-09 Rs. 1,00,000/- .
Rs. 75,000/- paid in 2009-10.
Now company wants to reverse Rs. 25,000/- in salary & wages Account .

Nw the question arises that whether this Rs.25,000/- should be reversed in Salary & wages account or should be treated as Prior period income .
We can say that Rs.25,000/- was excess provision made.

i'm going to check the salary (epf and esi) calculation. i need to know what are the eligible amount of salary for epf like in esi its less than rs.6500.

i'm going to check the salary (epf and esi) calculation. i need to know what are the eligible amount of salary for epf like in esi its less than rs.6500.

i'm doing audit and found lots of cash payments more than 20000 in a single day. how to adjust these cash payments or action should be taken?

A Pvt. Ltd. Co. taken unsecured loan from Director of 100000 can it is required to disclose in register maintained u/s 301 of co. Act, 1956 ? can it is req. to disclose in Audit Report.

can anybody plz tell me requirement of dep as per co's act , what are the requirement of getting only 95% dep only for a partiular assets and there after show it as dead stock only?
plz give me section reference also

Hi
Respected Member

1.Can any one tell me Whether Provident fund is applicable or not in case of Director's remunaration?

2.In my office Some C.A. told that Applicable if remunaration not exceed 15000 and SOme C.A. told that not applicable.

3.Please help me and may i know what is the limit for deduct Provident fund on such remunaration.

What are the criteria for applicability of Limited Review by Statutory Auditors - Quaterly, for a listed Company.

Whether seperate division of a listed Company comes under purview of Limited review - quaterly.

Q. If a CA having Certificate of practice(COP) is holding preference share(s) of a company. Can he be appointed as an Auditor of that company?
Seeking your reply.
Himanshu.

DIFFERENCE B/W INTERNAL AUDIT,INTERNAL CHECK?