Please clarify this
while shifting to another location a software company replaces 158 batteries for its UPS and enitre cost is expenses off. And it is accounted as Shifting expenses.
My doubt is the expense needs to be capitalised as all the batteries are replaced if not it should be accounted as repairs and maintenance-machiner

Can anyone please tell me the difference between Cost Audit and Management Audit?

Dear Sir,
Waht is the difference between Accrual and Mercantile System of accounting, Give one simple example?

DEAR FRIENDS,
I information I want to get that is as below:

In excel if I 100 they how it will appear one hundred
Menas please tell me formula who character figures will be change in word.
Thanks and regards,
R.dutta,
E-Mail: rddutta@yahoo.com

what is tratement of custom duty receivable .
whether income should be booked in p & l a/c or not?

We are two partners in firm. I would like to know is it mendatory that each partner should sign 45 audit reports or either of partner can sign 90 auit reports?

I am passed PE-II in nov 2008. I want audit firms to join articles in chennai.
please send the audit firms addresses with vaccency.
Please send the addresses of the firms located in MYLAPORE,ALWARPET,ADAYAR,TEYN AMPET,RADHAKRISHNAN SALAI,T-NAGAR AND PARRYS.
PLEASE CONSIDER MY REQUEST.

A Machinery was purchased which is not a qualifying asset as per AS 16. A loan was obtained to purchase the machinery. While the loan was obtained, Stamp Duty Charges were incurred.

Pls clarify whether the Stamp Duty Paid for obtaining loan can be capitalised?
or
stamp duty charges can be treated as borrowing costs and accordingly charged to P&L Account as the machinery is not a qualifying asset?

If your answer is "Yes, You can capitalise", Pls consider the following points.

As per AS 10, any costs directly attributable to bringing the asset to its working condition for its intented use, can only be capitalised.

And finance and borrowing costs (Ancillary costs such as Stamp Duty, Processing Charges, etc. are also included in the finance & borrowing cost )can be capitalised and included as an element of cost of Fixed Asset, provided the asset is qualifying asset under AS 16.

In the above case, the asset is not a qualifying asset. How can i capitalise?

plz support your answer with proper supportings

If the auditor of V Ltd did not attend the AGM while he was responsible to address some material matters in the AGM.

Is it professional misconduct?

Dear Sir,
what is the ceiling limit for Tax Audits for an auditor?