WHAT IS THE ACCOUNTING TREATMENT OF CONVERSION CHARGES AND COMMISSION CHARGED BY BANK FOR CONVERTING THE RUPEES INTO DOLLERfor payment to creditor FORM WHOM WE PURCHASED THE NEW ASSETS FROM OTHER COUNTRY ( IMPORT )

Help Me to prepare Qualifying Report for Valuation if Stock and Book Debts With Qualification Being
1 No Proper Books Of Accounts being Maintained .
2 No information received For Valuation of Finished Goods as Whole.
3 No Proper Drawing Power being Calculated for Month .
4 STOCK STATEMENT SUBMITTED FOR MONTH BEING CARRIED OUT ABRUPTLY AND ON ASSUMPTION bASIS .

Regards
KAUSSHAL GHEDIA

What all points i should keep in mind while doing bank payment& Service tax audit of a company providing After sale service.
Kindful
Sadanand

Is a private limited company required to file form 23B for change of auditor?

hi All

1. pls tell wht are all the areas to be covered in the given list

2. Wht book i can refer to learn basics about foreign exchanges transactions?

1.Policies & Compliance – Board
2.Option Contract
3.Forward Cover
4.Interest Rate Swaps
5.Derivative Procedure – Search from Google
6.Existing Process Study – Who determines & Decides & whether all advices documented
7.Copies of forward cover contract notes / statements
8.Premium and how accounted
9.Any stop loss limits for option contract & forward cover
10 Opportunity gain/loss
11.Spot rules rectification – How Verifies & Source Data
12Rate of transaction date & Settlement date
13Mix of hedging & unhedged
14Cancellation approval process - Profit & Loss
15FCNRB Loan – Accounting or notional basis
16Export & Import Transactions

i M CURRENTLY CARRYING ON VALUATION OF STOCK .
I M FACING TROBLE WITH TRANSCATION WHERE MAJOR PURCHASE OF STOCK ARE MADE FROM SISTER CONCERN.
I DOUBT IT BEING FICTICIOUS ENTRY
HOW DO I TRACE IT UP ?

PLEASE GIVE OPINION WITH REGARDS TO DIFFEREENT FACTS AND CIRCUMSTANCES

the society has not cclaimed any exemption u/s 11 or 12.
Form 10B is only for those who have claimed exemption under the said sections??????
will it sill have to submit the audit report in the said form

the society is regst with the registrar of societies and now after 10years of its formation it wants to file its return with the income tax.
will it have to submit any audit report with the income tax? will it be in form 10B.(the society has not claimed exemption u/s 11 & 12)

i am a artice in a ca firm. we recieved a new audit of a pvt.ltd. co during the f/y2007-08.
i did the audit.
i found that in f/y 2006-07, the co. made a advance payament of rs 500000/- for a machinery and debited under the machine a/c.
in the current f/y they realise that mistake they rectified their mistake by crediting the machine a/c by rs 500000.but before that they have claimed the dep. on that amount. and their income tax return has been submited in income tax. now what should i do?

Hello,

1)I want to know the laws applicable to the above.

2) when the Superannuation Fund (SF) is transferred from a company located outside india to a company located in india how is the treatement given for gain on foreign currency