Hi..

can u please help me on the High Seas Sale.

is it necessary for the trading company to have VAT or TIN or any other registration apart from IEC code for doing High Seas Sale?.
pleas do reply.
thanks.

Dear Sir

A Manuf.Unit Pay Tea Charges for all in unit What expenses should be debited.Please give proper Ac head.


Please Give me the Expenses list if any direct & Indirect for Manuf.Unit

DEAR SIR
WE HAVE SUB CONTRACTORS(X,Y,Z). WE ARE PAYING TO THEM(X,Y) THROUGH BANK ACCOUNT BUT ONE SUB CONTRACTOR THERE IS NO BANK ACCOUNT(Z). AT THIS SITUATION WE ARE PAYING TO THAT SUB CONTRACTOR(Z) THROUGH ANOTHER SUB CONTRACTOR BANK A/C(X) IS IT CORRECT OR NOT ? IN THE ABOVE SITUATION WE ARE PASSING THESE ENTRIES:
1.X A/C DR 2. Z A/C DR
TO BANKA/C TO X A/C

NOTE: WE ARE PAYING AMOUNT NEARLY 7 TO 8 LAKHS TO SUB CONTRACTOR (Z)
1. IF THE ABOVE PROCEDURE IS CORECT WHICH SECTION WILL APPLY?
2. IN THE ABOVE PROCEDURE IF THERE IS ANY DISALLOWANCES WHICH SEC WILL APPLY?
THANKS IN ADVANCE

Company is having SAP for maintaing books of accounts.Under 3CD report it is compulsory to mention books of account maintained and examined under clause 9a & 9b.As there are not books to be maintaining in SAP seperately except Cash book and General Ledger than what will be the remarks under this caluse.
Is there any standard wordings of any company having SAP who have mentioned in 3CD report.Generally in 3CD report we mention seperate books of accounts bu twhat in SAP except these two?

There is a private limited company. It is subsidiary of foreign co. it has received share application money from its holding foreign company.
Now my query is what is the time limit for issuing share to the holding co.

Dear Sir

A Mauuf.Unit pay Cash under table for Purchase Order.The Owner of Firm say its a Promotion of sales.Where should the cash entry accounted.

If I account as sale Promotion is it correct.Is sale prom. Direct Exp OR Indirect Exp. Please say.

Regards

1. what aspect shud check while doing vouching?

2. how to do ledger scrutiny.

What are the thing we should document, while we audit sale, in our working paper ?
Can anyone give suggestion & a format of it? pls mention important things?

removal of auditor before expiry of term and after expiry of term

what is the procedure for audit/reconcilation of EEFC a/c?