Audit QnA [Resolved] - Page No 380

All Resolved Open

Anonymous

This Query has 3 replies

04 June 2011 at 12:38

AS 11

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.

Anonymous

This Query has 3 replies

04 June 2011 at 12:23

misc. expenses included in purchases

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.

adisheshulu

This Query has 3 replies

03 June 2011 at 17:54

Amendments regarding CARO or 3ca or fom 3cd

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.

Sanket Ranade

This Query has 2 replies

03 June 2011 at 10:51

Imports

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

Anonymous

This Query has 3 replies

02 June 2011 at 17:18

Fixed asset capitalisation

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.

siril

This Query has 1 replies

02 June 2011 at 12:29

duties&responsibilities

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

Anonymous

This Query has 1 replies

02 June 2011 at 12:26

quarry related to professional ethics

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?

Gourav Kapoor

This Query has 4 replies

01 June 2011 at 23:10

44AB Query

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?

Anonymous

This Query has 1 replies

01 June 2011 at 14:31

project finanace

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

Anonymous

This Query has 2 replies

01 June 2011 at 14:12

ROC

BALANCE SHEET FOR 31.03.2011 HAS BEEN SIGNED ON 31.05.2011
AGM TO BE HELD ON 30.06.2011

Now can I file ROC FORMS like , 23AC,23ACA, FORM66, FORM 20B ETC BEFORE 30.06.2011