How will you find a ommission of a bill from entering the accounts when you do not have or seen the bill? That is the bill is ommitted from accounting because of unintentional misplacement of the bill by the accounts department. The accounts department is not aware of the ommission.

How will an auditor will find the above query while vouching or general ledger scrutiny?

Hi All,

Can anyone please tell me the meaning of "Statutory Audit" ?

All properties of partnership firm is transfered to company, is it coming under Capatial Gain ? if it is long term or short term...

hi,
can u tell me what are the consequences of issuing post dated cheques.. which s accepted by the company from its customers.. also pls clarify from audit point of view..

Dear Experts,

Whether any item purchased below Rs.5,000 then it is to be treated as a revenue expenses ? means considered in expenses head?

One of our client is not agree to capitalized those item which is below Rs.5,000 & They said as per companies act. if any item purchased below Rs.5,000 is to be treated as a revenue expenses i.e. considered in expenses head.

They are also written of fixed assets which is opening W.D.V. below Rs.5,000.

Whether this accounting effect is right or not as per companies act.& also tell me what companies act. said about this type of transactions.

Pls.solve my query asap.

Regards,
Prakash Jasani

Dear Colleagues

I want detailed Audit plan and Audit Checklist on leasing.

please share the file.

With Regards
Saicharan

pls tell me that which type of party covered under sec. 301 of co. Act. and while reporting for loan taken from party cover under sec. 301 is it compulsory to report the transaction done with those party.whether loan from directors are covered under 301.

two company in which one is pvt ltd and other is ltd company made an AOP for a work contract. in which pvt ltd company is providing tech. consultancy and ltd financing and selling the material also some traction also done i.e. payment for some time and recevird again to the AOP. so plz tell me what should i show in from 3CD u/c 269T, 269SS & payment to specified person u/s 40.

whether both comapny is the sister concern of the AOP.

hi,
i wanted to know if in a real estate company (private company) can they receive any amount in cash towards sale of land...? is there any notification or circular for the same..

Hai to all,

The company has paid RS 50,000 for drafting and modification of share agreement.Should it capitalise or charge to revenue?