which book should i use for financial reporting.. m having paduka it has good sums but no concept clarity....m looking for m p vijay kumar ....i have to complete FR by self study in 50 days....

please advise mpvijay kumar+ practise manual + dsrawat(as) enough to get 70+ in financial reporting....

Do we have to make any disclosure in the Notes to Accounts of a company that has no activities & is hence dormant [Co Law filing of Annual Returns, Balance Sheet, etc are done regularly].
This also does not fall within the scope of 'Discontinuing Operations' as no activity has been formally discontinued.

As per Companies Act and CA Act, statutory auditor cannot purchase shares of auditee company.
My query is that whether this provision also apllies to internal auditor or not?

Please reply.

Respecetd Sir,

I am working in a PVT LTD Company As a Accountant.Please Say what should i take care of Papers and condition while accounting.

Please say the important and major points to be followed.

Thanks & Regards

if an assessee has following details..

turnover during the year 75 lakhs(proprietorsip firm)

income from of house property 240000p.a

i know that the assessee is liable to get his accounts audited but pls let me know that his audit will also include income from house property or only income from business???

If a Statutory Auditor is disqualified under the Companies Act and he is also the tax auditor of the same company under a single agreement will the disqualification apply to tax audit also ?

Also what will be the situation if this dual capacity of the auditor happens to be under different agreements

Whether demand loan taken from bank against fixed deposit shall be taken into consideration for dis-qualification of auditor being a debtor of bank for Rs.1,000/- or more and that is why is not eligible for taking up the audit work assigned to him.

Dear sir/madam,

I got disqualified in last 2 exams for pcc,bec'z of auditing. hence i don't know what they required for the above sub.

plz reply as soon as possible.

Hi All

Can anyone send me any Official copy of Circular relating to Exemption Under Section 211 of the Companies Act 1956 for non disclosure of Quantitative information.

Hi
respected sir/mam

i want to know what is interest coverage ratio and for project finance whether is it should be high or low.

if suppose it is high then what will be the effect?

if suppose it is low then what will be the effect and meaning

please help

thanks in advance