pls let me know what are the different aspects which differentiates internal & concurrent audit from each other.
state the meaning of socks audit & management audit.

thanks & regards,

Nachiket

if deferred tax liability is appear in balance sheet in opening than how to treat if another year also d.t.liability is occured
if accumolated balance is show in provision than diffrence in balance sheet is occured same amount calculate as defferred tax liability in current year.

pls give me the entry made in adjustment in D.T.liability.
with double effect.

Hello,

Original cost of asset sold :Rs415000
WDV of asset sold as on :Rs.334092
Asset sold for Rs 25500/-

the depreciation has been provided as per Companies Act,1956

Will the loss on sale of asset be allowed as per Companies Act for the company?if yes,what would be the amount of Loss?


Thanks & regards

What is the difference between Concurrent audit and Continuous audit and who performs it?

Thank you

Hello,

Original cost of asset sold :Rs415000
WDV of asset sold as on :Rs.334092
Asset sold for Rs 25500/-

the depreciation has been provided as per Companies Act,1956

Will the loss on sale of asset be allowed as per Companies Act for the company?if yes,what would be the amount of Loss?


Thanks & regards

Hello,

Original cost of asset sold :Rs415000
WDV of asset sold as on :Rs.334092
Asset sold for Rs 25500/-

the depreciation has been provided as per Companies Act,1956

Will the loss on sale of asset be allowed as per Companies Act for the company?if yes,what would be the amount of Loss?


Thanks & regards

SUPPOSE ACCOUNTAT GIVE 1000 RS. TO HIS COMPANY PEON FOR BUYING STATIONERY, HE BUYS IT AND GIVE TAX INVOICE BUT DONOT SIGN PAYMENT VOUCHER IN THIS WHO WILL SIGN A CASH RECEIVER FOR MAKING PAYMENT VOUCHER

Sir,

Can any one tell me whether AS 7 will be apply to construction company and how much amount is to be considered for AS 7.Please tell me how to compute the same in detail.

Whether loan taken from directors are to be mentioned in register to be maintained unders section 301 of the companies act 1956?

If Tax Audit is applicable to the company in the last year, than do we have to check its applicability for the current year also?? Or its automatically applies for the current year also??