scenario: accrued income accounted in last financial year. invoiced in current financial year and cash receipt also in current financial year. income recognized in last year because it rendered last year. the entries passed are 31st last year accrued income to income this year invoicing party ac Dr to income Bank ac Dr to party Iam planning to reverse the entry made last year to correct the financial statement, by reversal income become zero and accrued income in BS aslo become zero. is this accounting treatment is right is there any alternative treatment with out reversal

After going through pankaj garg sir book, should we study again from study material? Because all emphasise on icai study material, but I don't understand from where to start and where to end in study material for auditing. will study only from pankaj sir book plus icai pm is sufficient? Expecting a affirmative response....

Can CA in practice do trading in shares in his own name??

What is the format for an engagement letter for issue of special purpose certificates (certificates in relation to an initial public offer) by the auditor?

Bonus provision was made last year with amount for example 200000, now while paying the bonus it is found that provision was made will less amount and actual bonus amounts to 210000. now what are the implications according to the tax audit and how will the difference figure 10000 be adjusted.

Someone please help me to join big 4 for articals

Hello sir, is it good to study audit from practice manual of icai. I heard from many that the practice manual is not arranged properly and it is difficult to study from there.

dear sir, i am accontant i want change the job but each & evry new employer want accounts and auditing work done through accountant can you tell me some auditing stricks

In case if question ask to provide 8 SPECIAL POINTS in special audit of an entity , are we required to provide general points also along with spl points? As this will sum up to a total of approx. 22-24 points.

How to start audit of flipkart? What we need to handy with?