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

Please send me about HOU TO CONDUCT TAX AUDIT & PROCEDURES OF THE SAME

parties to be covered under Sec. 40A(2)(b)

Dear Expert
pl provide comprehensive check list for company statutory audit.

CA NVSMURTY

Our company imports raw material from US for which the payment is made in dollar.. And a credit time of 1 month... In order to mitigate the exchange rate the company enters into forwards contract... How Is verify such contacts ? What are items to be verified? Please clarify

can an Auditor take advance payment of his statutory audit fees?

If yes wouldn't he activates provisions of section 226(3)?...

what is the proceedure to be followed in
case of noticing financial irregularites
during audit of societies under MCSAct
& the illegal use of auditors seal by the mg. committee to stamp the documents without approval.