I am associate with new company. It sale tax and ROC registration are undergoing.Company already inclurred Rs 12 lakhs for formation and other expenses.There is no bank account during the period. all the expenses are made in cash .Kindly advise how to incorporate above said expense in new company.
Thanks

Hi,
My client has received a refund of approx. 20 lacs, during the year. There was no receivable standing in the books. Whether the amount received is capital receipt or revenue receipt?
What should be the accounting entry to record this transaction?

Thanks

can any one please tell me the procedures for verification of sundry debtors and sundry creditors

what is limit for tax audit in an assessment year

Whether CARO 2003 is applicable for May 2015 ca final examinations some of them told not applicable, some of them told applicable, is ICAI RELEASED ANY.NOTIFICATION

Secure 353 marks nd once again less than 40 marks in audit ...
What to do now
Is audit is really hard
Suggest any. Reference

If an auditor fails to disclose or discloses erroneous information in the published financial statements, would it constitute professional misconduct of the auditor implying material misstatements in the financial statements? Also if an auditor fails to provide certain information in one year but discloses in subsequent year or vice versa,would it constitute professional misconduct of the auditor implying material misstatements in the financial statements?
Thanks in advance.

Hi
I am starting my practice and want to know 1.)whether I can take up work of a institution conducting various classes( guitar, karate, abacus etc) if my daughter is attending abacus class in that same institute. It is a small institute run under partnership by 2 ladies.
They want me to help them in preparing P&L, B/S and file its return.
2.) they started their institute 2 years ago but have not filed any IT return so far. As return can be filed within 1 yr from the end of Relevant assessment yr. can they efile 2 yrs return together this yr?.

Please guide me in this regard
Thanks in advance

how to prepare for vouching and verification ?

Dear sir, with reference to above subject matter, I want to confirm whether personal expenditure made through companies debit card is disallowed if yes? then how and what about bank reconciliation.?