Suppose in X Ltd. an employee was given 100USD on 1st march 2010 by the company not directly but through a forex vendor, who billed the company in INR, The employee then comes back to India on 30th April and returns 20 USD to the dealer. The dealer then refunds the money in INR to the company on the rate as on the actual receipt.The co. records the difference of rates for da returned currency as forex gain/loss. My question is whether we should book unrealised profit/ loss as on Mar 31,2010 in the company's books, and whether it qualifies as a monetary asset as per AS 11????

plz tellme what points to be check in ledger & journal scrutiny.

Sir,

Can any one tell me whether AS 9 will be aplly to construction company and how much amount is to be considered for AS 9.Please tell me how to compute the same in detail.

Hi,
I have a presentation in RACE(Risk and Control Evaluation) and RACM(Risk and Control Manual) and difference between the two. Can any body help me by providing good documents?

I would like to know, whether a CA whose receipts during the FY are Rs.9 Lakhs but has raised bills for Rs.11 Lakhs, will he be liable to Tax Audit.
i.e. He is a practicing CA (indiviudal) who has received total payments of Rs.9 L during the FY against bills raised for Rs. 11 L. Will such CA be liable to Tax Audit for that FY

Dear Experts,

In the audit I have found that a payment has been made to a contractor (cheque) in his own name for some construction work . He has given the bill in the name of a company which is run by him. What is the TDS to be deducted ...2% or 1% ?

Please help

Who will audit the books of I C A I board?

can anybody give me performa of appoinment letter of tax auditor

Running & Maintaining of Bus (Travels) are comes under Business or Service? and what is the applicability of audit on the same i.e. 10 lac or 40 Lac

what is the reporting requirements under companies act for stock mare than 12 month old?