XYX KPO IS PROVIDING OUTSOURCING SERVICE, IT ISSUED INVOICE OF $12000 FIXED ON 1ST OF EACH MONTH, AND AFTER THAT CLIENT TRANSFER THAT AMOUNT VIA WIRE, WHICH IS RECEIVED BY XYZ KPO ON NEAR BY 10TH OF MONTH. IN THIS SITUATION AT WHICH PRICE REVENUE SHOULD BE BOOK?? AND WHAT SHOULD BE FOREIGN EXCHANGE GAIN OR LOSS???

pls reply me my mail id is smparmar1412@gmail.com

FRIENDS IF DURING THE HALF YEAR PROPRIETOR OF BUSINESS CHANGE BECAUSE OF DEATH AND HIS SON IS NOW THE PROPRIETOR FROM 1ST OCT .SO MY QUERY IS HOW MUCH AUDIT REPORTS SHOULD BE PREPARE IN THIS CASE.

Mr.A is prop. of Business B at Delhi with Gross turnover of Rs. 40,00,000/- and Mr. A is also Prop. of Business C at Chandigarh with Gross turnover of Rs. 80,00,000/- for F.Y. 2011-12. now my querries are as under:-

1) if NP rate of business B at Delhi is below 8% than whether a consolidated P&L and Balance Sheet would be made for two businesses and would be got audited or separate audit of both the P&L and B/s. would be preferable.

2) If NP rate of business B at Delhi is 8% or above than whether the turnover for audit purposes of A would be treated only 80,00,000/- of business C and if only audit of business C will be sufficient or audit of both the businesse with total turnover of Rs. 1,20,00,000/-would be made.

3) If the turnover of business C is also 40,00,000/- and NP rate of both the businessses is 8% or above than whether or not audit is must.

If HUF having two source of income, 1st is his textile t/o other is commission income as he is commission agent. as in case business t/o is not exceeding the limit of 60 lacs bt bcz of the commission income his total income exceed the limit of the 60 lacs. so plz give me way as for what i can go 44AD or 44AB for the same.

Hie everyone we got Audit of a Cricketer.
I wanted to do what points should take into consideration in AUDIT of Cricketer?
Please do reply soon.
I have never Did audit of any sports player.
Regards,

IF CARO IS APPLICABLE ON A PUBLIC LISTED COMPANY, THEN IS IT ALSO APPLICABLE ON ITS 100% SUBSIDIARIES?
ALSO THE SUBSIDIARIES ARE PRIVATE LIMITED COMPANIES AND NOT FULFILLING ANY OF THREE CONDITIONS FOR CARO APPLICABILITY

i am preparing 1st time of audit report of pvt.ltd.co. the co. has not any turnover but bears revenue expenses. can such expes. claims in income tax? and also send the format of statutory audit report. bcoz co. doesnt require tax audit.

Dear All,

If a private limited company is paying yearly premium of Gratuity to LIC of India, then for accounting purpose whether it is required to create asset and liability in the balance sheet as per Accounting Standard 15?

Thanks

Friends,

A Company is covered under cost audit order issued dated 24th January, 2012. Whether the company has to file complaince report for the financial year 2011-12? pls clarify.

Internal transaction of receipt & payment between father & sons without Interest how it shown in audit report.also whether necessary to state as current a/c in column of maximum outstanding in annexure 2 of form 3CD.