Sir

If a company is not having Fixed Assets(being sold out) and not having any turnover and its going to wind up in near future, what points we are required to mention in Audit Report regarding Going Concern Convention.

Thankyou.

Can a chartered accountant certify the project report stating prepared/certified on the basis of documents shown and explanations & information given by the directors? Some of the nationalised banks are demanding such certificates about project report.

Sir,

My CA has sending me for the audit of a private company. the company manufactures the cloth. this is my first time can u guide me checklist for the documents i should check there?

Hi Please help me on the following query:-

If 'Company A' is in process of getting merged with 'Company B', then before merger will Company A be treated as the Related Party of Company B?

Pls rply, Urgent.
Thanks in advance.

Dear Sir,

I have a query related to Sample of stock given to Sales Person for Business Promotion on Returnable basis, not returned by employee after termination.

We have a Sales person Name Mr.Xyz and Handed over a Product B @ Rs.2000.00 for Display and Promotion. He leave the organisation without informing us. So we send a Show cause notice and later terminated him. But as he serve us for 10 days, we create a Liability for Salary for 10 Days. Now we have booked the Product @ Re.1 show we can track the inventory. But now there is a no chances of goods to be returned. In this case, what accounting entry to be passed to effect the inventory and books as we are going to adjust the same against salary liability. whether i should raise a invoice or debit note. in both the case, tax will get affected. there is any way so no tax liability is created as it is not a actual sale only entry to closed the FNF Account of the employee.

Regards,
Ajay Pandey

Sir i want of know in case of tax audit u/s 44AB where u/s 269T we have to give the amount of repayment whether payment of interest for two years is to be considered as repayment which is included in the opening balance of loan and where the loan amount is rs 160000 and interest payment of rs 16000. plz its urgent. thanks in advance.

Hello,
I am C.A. from surat.
I get my C.O.P. last week and applied for firm registration but can we sign audit without getting firm registration no?
Please reply

if any person have two firms out of these one firm have 30 lacs turnover and another firm have 35 lacs turnover, then there is any complusion of audit or not. give me answer with reason plzzzzzzzz.......................

Is a private company making loss is required to disclose EPS in thier Balance Sheet. Should they disclose both Basi & Diluted EPS?

Dear sir/madam
Pls answer
whether CARO 2003 applicable to a Company which as paid up capital and reserves more than 50 lakhs and loans outstanding 25 lakhs but turnover has not exceeded five crores rupees at any point of time



its urgent