Dear Experts,

Pls let me know while doing the LLP audits what points to be more concentrate.

is there any ROC formalities like Ltd.company i.e. minutes, statutory reg.,& others forms wch is filled up in ROC.

from were i have to got the full information abt LLP & its audits.

pls reply.

please provide me internal control questionnair for the audit of freight expenses and how to link such freight expenses with purchase and sales

IF ANY FIRM HAS 39LAC SALE AND 2LAC SALE TAX. IS FIRM COMES UNDER AUDITED BALANCE SHEET.

Dear Experts,
If packing charges has been received from the customers pls tell me which is the best method to account.
(1) showing it as indirect income in the profit & loss account. Can it be treated as Revenue?
or
(2) Netting it of with the packing charges incurred.
In the above two ways which one complies the AS-9?
With regards,
Rajesh.

Dear Experts,
While there is sundry debtors receivable in foreign exchange due to export sale in the balance sheet. Should i have to restate the balance receivable from sundry debtors as the close rate of the balance sheet date.
The profit or loss has to be transferred to Exchange Difference a/c. Then the Exchange difference a/c will be transferred to P&L A/c.
Am i right?
Experts opinion will be highly appreciated.
With regards,
Rajesh.

Respected Member

there is partnership firm which is carrying on work contract and under tax audit.

So in this case is it necessary to show Gross Profit?

if suppose G.P not calculated and directly N.P. calculated so there is any problem for tax audit purpose?

Hi
respected member

Can any one tell me?

1.I am doing tax audit of partnership firm which carrying on work contract in GUJARAT.

2.In such firm payment from outside gujarat is receive but due to work contract exceed 1 crore TDS is deducted by Maharastra state.

3. But credit of such tds is not allowed in vat return according to the G-VAT Department

4. so what to do for take credit of such TDS or any way by which TDS will not be deductible by other state by giving any form?

If there is any reconstitution in a firm which is subject to Tax audit , i am required to prepare P/L a/c , P/l Appropriation Account etc for each different periods viz, before reconstitution and post reconstitution . How should this fact be disclosed in Notes to Accounts ?

Sir I'm doing Audit of a trading firm where the Gp is around 4-5 %...
By making Comparative I came to know this year Gp has Fallen to 3.75% against previous year of 4.5%...
The ratio of purchases to sales was similar 96%.. but Closing Stock to Sales have Fallen from 4% to 2.5%...

Then I made a diff. Trading A/c for all the Components where I came to know about the food Products which are showing only .75% Gp to sales.

So plz tell what could be the matter in this case... Plz tell all other alternatives that I can do...
Thanx in Advance..
Plz reply.. U can ask other things also in relation to this

please provide me internal control checklist or questionnair to keep in mind while auditing internal control system of the company relating to fixed assets