can anybody tell me?
what consideration should be check in debtors and creditors ledger

how to do verification of fixed assets.

how to do ledger scrutiny
what one should do in ledger scrutiny

One of the previous auditor not given No objection Certificate due to Draft Balace Sheet not provided by BOD to Auditor but we have recived appointment from C&AG to done audit. what shpuld we do?

Dear Expert,
the company is getting price protection say 1 week, i.e The company will purchase as per price list and if price falls in market within 1 week then company will get the above discount.
I want to know the accounting treatment of discount and nature of above discount, whether it is a cash discount or trade discount.


Thanking You
Z A M I R

Private limited company has not provided for Bonus for the year end 31/03/2009(no provision for bonus) in its books of accounts siting not enough money or profit. what are the implications? whether any note to be provided in the Notes to accounts? To be qulified in Audit report? pls advice.

if a loan of Rs.20,00,000 is given by the MD to The company and is given in cash. what are its consequences which will affect the company?
&
What are the statutory obligations of an auditor in relation to the above situation?

There is a rule in IT for civil contracts that earning below 40 laksh per annum, need not maintain books of accounts and just take 8% of gross turnover for calculation of tax. How about for commission agents and professional income for F.Y 2009-10. Kindly guide.

pls suggest me good reading material for AAS (pcc)

Dear Sir/Madam
We are maintaining books of accounts of our compnay on computer system.
i want to know whether it is compuslory to print books of accounts and get closing balances signed by auditor. kindly give reference of relevent provisions.

Thank you