My question is that at the time of capitalisation of assets like building, then tds is deducted at the time of labour payment.Will Such TDS amount form part of assets(building)?

please guide me how to use excel various function for the purpose of anaysis and audit of vast data

Normally what documents are required to be audited to prove that the international transaction with an associate enterprise is at arms length price in case of services rendered?

Is a copper manufacturing co. liable to conduct cost audit. Is it included in the list of industries which are supposed to maintain cost records under sec 209(1) d of the companies act, 1956.Please let me know the exact procedure for appointment of cost auditor.

Dear All,
Sir here the company taken 11 Nos Loan from Banks they first calculate all thew interest and booked it as an asset (interest suspense)and after that on payment the entry is booked as like this
Suppose the loan is 100000 from HDFC Bank
EMI is 3778
Loan tenor is 36 Months
Total interest is 36000
the 36000 is transfered to Interest suspense
the entry is
HDFC A/c Dr 3778
Interest (P&L)1000
To,Interest suspense 1000
TO,Bank 3778
Which is right /Not

Second
I have repayment schedule if i can't paid the instalment currectly can i booked the the interest as expense ?

Dear all,

i had purchase some material through cash on date 10-8-2010, our purchase dept.people raise the order on 18-8-2010,
it is acceptable in auditing ?


reards
rama rao

SIR,
i newly joined article ship n wanna knw significance of TIN no. given in sales bill. is there any entry of excise in case of cash sales...pls tell me the entry.

A listed co is required to publish Quarterly results subject to Limited review of the statutory auditor of the co as per the Listing agreement with SEBI

I have heard that the variation between the Unaudited Quarterly results and audited annual results should not be more than 5 %.

My doubt is what will be the consequence if the variation exceeds the prescribed limit?

please clarify giving references and correct if i am wrong.

Thanks.

Hi frnz

Can anybody sent me letter for appointment of first statutory auditor

regards
Shadab afrahim

A compnay has declared a lock-out in its factory and also at the Corporate Office.
The lock out has been lifted prior to 90 days from the date on which accounting year ends. There are more than 20 number of workers have been working after the lifting of the lock out. Is it complusorily required to provide for the bonus @ minimum rate of 8.33% in such situation under the Payment of Bonus Act in the year when the factory has been reopened?
If not whether there is any clarification to that extent?