Is there any provision whereby inventory count may not be carried out in a financial year without any qualification in the audit report. Further read somewhere that is the Company adopts some sort of statistical sampling methods, then they can avoid physical stock take provided the system is robust. What is this statistical sampling for inventory procedures.

dear sir,

please provide me the details about the revenue stamp of Re. 1 to be affixed on receipts involving amount more than Rs.5000.00.

what is penalty for non- affixing the revenue stamp of Re. 1?



thanks

WHAT IS TAX AUDIT, WHAT TYPE OF BOOKS A TAX AUDITOR LIKE TO CHECK REGARDING A MANUFACTURING UNIT

In tax audit which important ledger should be check and in what manner and how?
and what is process of scrutiny the ledger like debtor, crediotr, stock, cash credit, loan and advances, unsecured loans
please tell me.

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.