I am auditing a company. It has changed its name to another name and also changed its manufacturing activity.
it has transferd the expenses up to the starting of production activity to PRE OPERATIVE EXPENSES.
is it right ?
I want to know all about pre operative expenses.
plz reply soon.

thanks.

As per AS 11 Foreign curreny transaction should be converted in reporting curreny which exist on date of transaction.
Now, in a company
Asset is received on 01-08-2010

Date of installation is 07-08-2010

Date in which assets is booked- 01-03-2011 in books.

Rate of which date should be picked up for the purpose of conversion.

hi...

nowadays i am doing audit of a publishing house, & while vouching the purchases i found various expenses under the head purchases
e.g book binding expenses, royalty payments etc.

is this right to book these expenses under the head Purchases.
my CA is ok with this.... but i am not.

Hi,

anybody can clear that any changes or amendments happened for reporting of caro or 3ca or 3cd compared to assessment year 2010-11 to assessment year 2011-12.

thanks in advance.

On which date import purchase transaction to be recorded ? Is it bill of entry date of factory receipt date ?

What is the date of capitalsiation of an asset.
Is it the date when an asset is ready for use.
and if yes
is then depreciation charged even when asset is not actually used but was ready to use.

I want to know what are the duties and responsibilities of internal auditor manager within the company

1.A C.A. who has obtained cop but working as an employee in C.A.Firm can sign the form of an article assistant as his principal?
2.An employee of a C.A. Firm who is qualified C.a. can sign audit report on behalf of firm?

Assessee has business of manufacturing machines and also provide installation facility. His got Rs 41 Lacs as business receipts & Rs15.07 Lacs (cum service tax) as installation charges (total Rs 56.07 Lacs). Is he required to get his account audited?

hi
respected members

can any one help me regarding what is the debt equity ratio with it is effect of higher or lower ratio on demanding loan?

thanks in advance