can anybody specify the changes in new 3Cd report compared to old 3 Cd report ?

Hi all,

As per IFRS depreciation is to be provided to the assets on component basis if that component is material..Is this component depreciation is optional or compulsory..Pls help on this..

Thanks in advance

Hi,

if i want to convert our profit & loss account and Balance for consolidating with our parent co.s books (which is in US) what exchange rate i need to take for.

1. Profit and Loss Items.
2. Balance Sheet Items.

is any AS having information about it???

Regards,
Nazir

Is voucher and bill the same?

Should i attach the print out of the entry passed by me in an accounting software say tally, and attache it to the bills.

Or bills itself is a voucher?

Thanks in advance

Jaison

my client Mr.X [an individual] has -2- business:
1. production of cloth [proprietary concern] - turnover p.a. rs.35 lakhs.
2. truck hiring business [proprietary concern] - presumptive taxation optrion availed - turnover p.a. rs.10 lakhs.

now as on 31-03-2009, for computation of audit limit u/s. 44AB business no.2 will be considered?
will x be subject to audit for AY 2009-10?

Suppose I have to do a Statutory audit of a company then what are the procedure or process i have to take to complete this task.Reply as soon as possible.also in case of tax audit.

the client has 3 businesses, ALL IN THE PROP. CAPACITY.

the turnover of the businesses is as follows:

1. 32 lakhs

2. 2.5 lakhs

3. 11 lakhs

sec. 44AB is applicable as the total turnover exceeds Rs. 40 lakhs

NOW THE QUES. IS

WHETER THE TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUINESSES INDIVIDUALLY
WILL THE ANSWER BE CHANGED IF THE TURNOVER OF 1ST BUSINESS IS 42 LAKHS. IN SUCH CASE, WHETHER TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUSINESSES.

PLS REPLY SOON, THANKS IN ADVANCE

can you tell me best book or best studyt material for audit of CA final

I Wanted to know why we do such entry in this situation
entry is:
Creditor a/c dr
Debtor a/c cr
SITUATION::
OUR FIRM NAME IS "ABC IRRIGATION" AND "XYZ IRRIGATION" IS THE FIRM FROM WHOM WE PURCHASE. NOW XYZ HAS PROVIDED A CHEQUE RECEIPT WITH NAME OF PERSON FROM WHOM PAYMENT IS RECEIVED.THEN Y WE DO THE ABOVE ENTRY IN OUR BOOKS WHEN WE HAVE NO RELATION BUT THE LEDGER OF OUR A/C IN XYZ BOOKS SHOWS CR BALANCE OF THAT AMOUNT???
I M TOTALLY CONFUSED ?
CAN ANYONE EXPLAIN ME THIS SITUATION?
PLEASE ITS URGENT

Dear Sir,
Can anyone please tell me the cash transaction limit per day for a pvt company & what will be the consequences that will come into force if it exceeds the limit?

Thanking You