how mat tax credit should be reflected in the acounts. moreover when we caclulate the deffered tax asset or liabililty should we take into consideration the mat credit we are entiteled to.

HELLO SIR,
Myself Ravi Rajkumar Bhutoria,persuing pce course. I have attempted twice in this level. I think that i have good grip in audit, after exam i always think that i will score at least 60 in audit, but both the time it turned out to just 42. sir, i wan to know, how to refer this subject now.....
Looking forward to your reply

Thanking You,

Ravi

Dear sir

Could you please tell under which law we do audit of proprietory concern and make audit report??

Thanks

dear sir ,
i would like you to give me a tip as to how to work harder to clear the Audit paper , as to which are the grey areas where i must concentrate more , that will help me to clear the exam

can anybody tell me the difference between speculator , arbitrageur , hedging.

Hello Members,

A new company - ABC hospitality services pvt ltd was incorporated dt 1.11.2008 to carry on the business of hospitality ie providing services such as masssage , relaxing etc, . The company has incurred some expenses towards travelling (expenses prior to the date of incorporation( ie before 01.11.2008 )and others. How the same is treated under
(a) companies act
(b) under IT act

Thanks in advance
Regards
Tejashwini

my co. is mnufcharing at pharma. which condition my co. is applicable is cost audit.

what is piont of cost audit at pharma co.

If face value of equity share is reduced to Rs 2 from Rs 10. then what is the face value of authorised share capital to be shown.
Suppose if Authorised capital was 50000 shares of Rs 10 each.
After reduction of face value of share whether authorised capital is Rs 500000 (Rs 10 each)or RS 100000/- (Rs 2 each).

I have goven advance to supplier out of india of Rs. 71000$ on dated 20th MArch 2009. I have received the Maerial on 30th April 2009. I have to finalise my Balance Sheet on dated 31 March 2009. Then what we have to do on 31st march.

Tell me there is any need of giving difference of Foreign Exchange difference between date 2oth March and 31st March?

Pls suggest me full procedure that what I have to do in the books?

plz tell which accounting and auditing standards are applicable on interim audit???