Anonymous
This Query has 6 replies

This Query has 6 replies

20 September 2013 at 23:50

Sign the balance sheet at individual name

I want to sign the balance sheet at an individual name. Can i sign as I have not applied for firm name yet and if i would apply it would not be entertained by ICAI with in 10 days.
Can i sign the balance sheet at individual name? If yes, Then how the name will be appear of the auditor in the audit report as the firm name we write as

XYZ and Associates
Chartered Accountants
FRN

XYZ
Partner
Mem No

How the individual should write when he sign the balance sheet. And how will I fulfill the requirement to write FRN while signing the balance sheet and what are the requirements to file in ROC for accepting the audit for an individual as it is necessary to quote the FRN no in ROC forms?
please guide me



Anonymous
This Query has 1 replies

This Query has 1 replies

20 September 2013 at 19:17

Internal auditor

Sir,
Is it possible that the internal auditor of a holding company be a statutory auditor of a subsidiary company of said holding company.
Is internal auditor fall with in the definition of employee.



Anonymous
This Query has 2 replies

This Query has 2 replies

20 September 2013 at 15:52

Clarification on accounting treatment

In a trust,advance is being paid to employees for their expenses like bus pass,fuel etc say Rs.2000..they are being accounted under the head STAFF ADVANCES..but the employee incurred an expense of Rs.3000..now can he be accounted under the head CREDITORS as he has incurred expenses more than the advance given which are to be reimbursed..????
or is there any other treatment..please help..



Anonymous
This Query has 4 replies

This Query has 4 replies

20 September 2013 at 15:18

Cash payment

how accounting would be done for duplicate notes found in cash box......



Anonymous
This Query has 1 replies

This Query has 1 replies

20 September 2013 at 12:03

3cb-3cd

Sir,
In form 3CB-3CD,in depreciation section, instead of "Furniture @10%", have selected "Building Construction @7.84%" and uploaded it too. Though the amounts are entered correctly, description of the asset is wrong. Will that be a problem? If yes, how can I rectify it?



Anonymous
This Query has 4 replies

This Query has 4 replies

20 September 2013 at 11:12

Tds on provision for expenses

sir
I(trust) making a provision for expenses like audit fee and professional expenses. while making expense entry TDS to be deducted or not?


CA. Prashant Shroff
This Query has 3 replies

This Query has 3 replies

if a trust is registered undet 12A audit report has to be furnished in form 10B. but if it runs a college whose gross receipts exceeds 1 cr. shall tax audit report under 44AB in form 3CB 3 CD should also b furnished?


K.P.RAMESHKUMAR
This Query has 3 replies

This Query has 3 replies

19 September 2013 at 19:48

Goodwill

The existing Proprietor concern(More Than 10 Years)now converted to firm,how to calculate the goodwill.





Krishanu Majumder
This Query has 1 replies

This Query has 1 replies

19 September 2013 at 18:18

Tax audit

A partnership business having turn over 10 lakh. The firm has "No profit no loss". Should this firm go for tax audit as it has below 8% profit? But as per act, tax audit is not applicable where firm does not qualify exempted income. So, no profit no loss is a case where no profit is there. What to do?


REEMA
This Query has 4 replies

This Query has 4 replies

19 September 2013 at 13:40

Form 3cd

POINT NO.-18 OF FORM 3CD-I WANT TO ASK WHAT WE NEED TO MENTION IN THIS POINT IF PAYMENT IS made TO SPECIFIED PERSON UNDER SEC-40a(2)(b)or excessively paid to person specified under same same section and secondly what abt specifically for interest and commission paid to partners of a a firm.






CCI Pro



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