When is debit and credit note issued and who gives to whom
Also when we give discount or receive discount what should we issue debit note or credit notes and why?

Is cash sales more than Rs. 20,000/- is allowed or not?
Specify with reason?

What is meaning of Black Money and why and for what it is used for?

Is doing cash payment of more than 20,000/- a day or per bill or receipt is disallowed?
If Yes please specify with reason?

Do the bank give confirmation for fixed deposit held as on 31.03.2009.please reply as soon as possible

dear all,
If Invested in the months of March 09 in NSC...whether we need to take accrued interest for 1 months ?
what is the consequence(taxability) when the same got matured ?

when I go to check initial engagements as per AAS-22.In previous year the depreciation policy was changed by the organisation from companies act to income tax act. It does not take with retrospective effect. It directly applied income tax rates on WDV values.However they are mentioned in the notes to accounts as "during financial year now on wards rates of depreciation is taken as per IT act?But I have doubt as per Accouting standards when changing the depreciation rate(changing accouting policy)it will take with retrospective effect.Plz clarify me?

My client company Purchases 3 HP printer in last year it shows under the head computers & others and claim depreciation @60% Will it correct? I have doubt why don't we shown under Office equipment Plz clarify me?

Sir,
Can a qualified CA conduct Cost audit?
or only CWA's?

Pls clarify,

Regards,
Girish

Some equity shares warrants to be converted into equity but could not converted so cancellation of these warrants would be treated as capital transaction or revenue transaction and applicability of AS 5