today my result was announced of grp 2 and the result was pathetic in 3rd attempt too god knw how to do n wht do for pssing ipcc..
dis was my 3rd attempt of ipcc n in 2nd attempt dat was in nov 12 i cleared my grp1 n my grp2 mrks were 117 due to which i didnt joined my articleeship to concentrate on my grp2 still i just scored 76 mrks i littrally fed i dont knw wht to study knw n i hav already started my articleship now can any1 plz help me out wid wht can i do plzzzzzzzzzzzzzzzzzzzz........

A public trust has received donations with specific directions i.e to purchase gym equipments.Donations received are credited to a seperate a/c,i.e eqpmnt fund u/h other earmarked funds.The said amount is also utilised for the purchase of gym eqpmnts. I just want to confirm whether the income arising from this invstmnt,i.e,gym fees will be credited to the fund or it will be shown as income in the income & expenditure a/c.

Dear Experts,
Greetings of the day!
Please guide me on the following matter-
A Ltd. pays incentives to the drivers for timely procuremnet of the raw material and debits it to the 'Other Misc. Exp.' under indirect expenses head.
But in my view such an expense is of Direct Nature and should be debited to Manufacturing a/c.
is my opinion is right???

For filing Audit Report for AY 2013-14, the CA need to scan Balance Sheet and Profit/Loss a/c.
Is it compulsory for each of those who filing their Audit Report? or any particular?

reply.

Thank You.

Hi...
Is there any change in the points to be listed in the Audit Report for the financial year 2012-2013?
Please reply as early as possible

dear sir, if any bussiness less than 8%of profit of gross recipt and turn ovre less than 1 crore then compulsory mantain book of a.c and get audit. suppose firm or propriotor is maintain book of a.c and show less then 8% profit of t.o . then compulsory audit (t.o 60lacks.)

Sir,

I have a query regarding the books maintained by some clients

Can employees salary be paid out of OD??

Can personal expense of the directors should be entertained from companies bank account??

And that too when the book indicates huge profits being earned by the company with continuous growth in their turnover??

Sir plz reply to my query as early as possible.

Regards

My Dear Friedns...

I just want to KNOW the key areas which should be covered in Advanced Auding Paper.

In the last few attempts, i have not touched on Standards on Auditing and CARO. Even didin't cleare the previous GRoup1 Exams. Espcially i failled in Auditing by getting a meagre score of below 25 marks..

SO, DEAR FRIENDS, please suggest me, what are the KEY areas/topics to be covered. Is SA and CARO very important....

PLEASE HELP

I need to give audit report to an individual medical practitioner whose gross annual receipt is less than Rs. 15 lacs.
what report should I give to him.

There is a limited Co. which has taken Advance of Rs.22.09 Crores from its Group co. for sale of shares before 3years. But till now neither shares have been issued nor advance has been refunded. Is there any legal compliance regarding it.