Audit QnA - Page No 511

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sahil

27 January 2010 at 19:06

Ledger scrutiny

how can we perform ledger scrutiny of following

1 Current Assets(Debtor,Stock,Loan&Advance,Misc Expenses)

2 Direct Expenses(Bonus,Conveyance,Fees,Wages,Water& electricity Expenses)

avinash

27 January 2010 at 13:55

performance bank gaurantee

what is performance bank gaurantee?

please explain in details.

sahil

26 January 2010 at 14:02

HOW TO SCRUTNISE THE FOLLOWING LEDGERS
1. cURRENT lIABILITIES(provisions,Payable{exp,Salary,ESI, PF},creditors

2. Loans(liability)-BankOD, Term Loan,Defferd Tax.
3. Fixed assets.(p&m, Land,Building)
Thanx

Anonymous

25 January 2010 at 18:18

purchase indent

what is purchase indent ?

when it is issued AND by whome it is issued?

what is its importance in the audit of a company?

please explain in detail.

Anonymous

24 January 2010 at 04:35

Derivative inttra-day turnover cross 40,00,000

Whether accounts to be gets audited under income tax act if Derivative inttra-day turnover cross 40,00,000

Heman Chheda

23 January 2010 at 17:11

DEpreciation

Dear Sir,
My book closing is on 31st march but i hav prepare accounts for the december quarter. Their is an asset purchased in the quarter qualifying for 100% Depreciation so depreciation that would be charged 2 P&L would be proportionate for the December and March Quarter or I hav 2 charge 100% for December Quarter.

Deekshit

23 January 2010 at 14:21

RENT Vs ROYALTY

Is there any difference between Royalty and Rent??

If there is any please let me know..

THANKS A LOT in advance

avinash

21 January 2010 at 15:37

DEBTOR VERIFICATION

THE DEBTORS OF THE COMPANY ARE SHOWING BALANCE (AGEING ) OF MORE THAN 180 DAYS PENDING WHILE THE AVG. COLLECTION PERIOD OF THE COMPANY IS 90 DAYS. AND ALSO THE MGMT OF THE COMPANY SAID THAT THEY DONT HAVE THIRD PARTY CONFIRMATION FROM THE DEBTORS.
PLEASE SUGGEST THAT AS AN AUDITOR OF THE CO. WHAT SHOULD I DO?

Anonymous

21 January 2010 at 13:17

Credit Rating Agencies

hello experts,
What are Credit Rating Agencies?

jay arya.........

21 January 2010 at 12:18

TAX AUDIT

HELLO SIR,

PLZ TELL ME THAT Ram (Individulas ) give loan to his friends shyam for Rs. 1,50,000 & he is covered under tax audit is it a matter of tax audit or not , if yes How i can show in 3cd

thanks