There 200 chairs purchased for Rs.500 each.on 1/10/2009. What would be the Depreciation for the December Quarter? As per Cos Act an asset amounting less than 5000/- should be charged with 100% Depreciation. Will the chairs qualify for 100% Depreciation? What will be amount of Depreciation?

keeping in mind the change trend of examination pattern of final exam(old ) course can anyone suuggest a good book which is updated and sufficient from exam point of viev

HI,

Assesse is earning income by sale and purchase of goods as well as Commission Income.

Is commission Income should be Included for determining total turnover for tax audit purpose and for vat tax audit (Mahrashtra).

I believe it should not be included?

Please share your valuable suggestion?

Dear Sir,

A Prop. Manuf Firm has made expenses on trade Mark registration.The amount is Say Rs.15000.00 under what ac head should be the expenses accounted.Is it a expenses.Please say i expenses then under what Group of Expenses Direct or Indirect.

What should the the tentive Gross Profit for Manuf. & Labour Job Work.


Regards

how to do scrutiny in bank vouching?

Respected Expert,

Specificaly in case of Private Lmited company for removing existing auditor (not first Auditor)before AGM whether prior approval of Central Government is require or not?

Is it required to prepaired Consolidated Balance sheet of a Private Company.

Please send me a internal audit report format
of a company

In pvt ltd company relative of the director can be appoited as an auditor of the same company?

In the Pvt Ltd company if existing auditor can be removed before AGM?
And another auditor will be appointed in place of removed one before AGM?

Which of the following statement is true for the purpose of AUDIT with regard to F&O turnover :-

A) The total difference between Buy and Sell price of F&O contracts is taken to calculate the 40 Lakh limit, i.e. the profit + loss + premium on options recd + premiums paid.

B) The total difference between Buy and Sell price of F&O contracts is taken to calculate the 40 Lakh limit, i.e. the profit + loss + premium on options recd (By selling option contracts).