dear sir ,
i would like you to give me a tip as to how to work harder to clear the Audit paper , as to which are the grey areas where i must concentrate more , that will help me to clear the exam

can anybody tell me the difference between speculator , arbitrageur , hedging.

Hello Members,

A new company - ABC hospitality services pvt ltd was incorporated dt 1.11.2008 to carry on the business of hospitality ie providing services such as masssage , relaxing etc, . The company has incurred some expenses towards travelling (expenses prior to the date of incorporation( ie before 01.11.2008 )and others. How the same is treated under
(a) companies act
(b) under IT act

Thanks in advance
Regards
Tejashwini

Dear Sir/Madam,


I have read the AAS 12 carefully and many thanks for your help!
You have done a really excellent and considerately great job.

I found from some internet source that, "In India, public sector companies
and banks have joint audits. The concept of a joint audit - where more
than one firm audits the financials - is not popular globally and of the
G20 countries is only practiced by France."

However,
(1)how can we define a company falls into the category of "public sector companies"? Is there any official list of "public sector companies"?

(2)And I was puzzled some of the companies employing joint auditors are not
banks and they are private in ownership.

Since joint auditors are generally more costly..It's really strange.

Why these private in nature(ownership)listed companies choose to employ joint auditors (rather than one audit firm), since they are not required must to do so by law?


So deeply thanks and looking forward to your quick reply.


Yours sincerely,
Daisy

my co. is mnufcharing at pharma. which condition my co. is applicable is cost audit.

what is piont of cost audit at pharma co.

If face value of equity share is reduced to Rs 2 from Rs 10. then what is the face value of authorised share capital to be shown.
Suppose if Authorised capital was 50000 shares of Rs 10 each.
After reduction of face value of share whether authorised capital is Rs 500000 (Rs 10 each)or RS 100000/- (Rs 2 each).

I have goven advance to supplier out of india of Rs. 71000$ on dated 20th MArch 2009. I have received the Maerial on 30th April 2009. I have to finalise my Balance Sheet on dated 31 March 2009. Then what we have to do on 31st march.

Tell me there is any need of giving difference of Foreign Exchange difference between date 2oth March and 31st March?

Pls suggest me full procedure that what I have to do in the books?

plz tell which accounting and auditing standards are applicable on interim audit???

i wanted to clear my basics about everything carried out in evry typoe of business audits.....?
can i get any good file

Hi all,

Suppose there is an asset X which is depreciated in 3 years(total amount depreciated)..but the same asset was being used in the business...so with what value we have to show in the books of accounts.. and is it necessary to show the same in the Fixed asset rigister