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

One of our clients ( Pvt. Ltd. Co.) had some debentures of Rs. 20,000 which were reedemable on 30.6.2008.
It re-issued those debentures as on 1.7.2008 for another 17.5 months without any new document or proof ?
What should have the above co. done to re-issue the same debentures again or how do i check the same?
And what are the provisions of COs Act that it has violated ?

is it necessary for taking industrial training that the co is registered with ICAI?

WHAT KIND OF AUDIT TO BE CONDUCTED AT COMPANY

Is auditor required to continue (in current years audit report)qualifications, which he had made in the previous year audit report? when client has not rectified the wrong treatment made by him? please specify whether any guidance available anywhere in this matter.

thanks in advance

What is the Format for Certificate to be obtained from the assessee regarding Loans taken and given u/s 269SS / 269T. What are the details to be mentioned in the certificate by the assessee.

The closing stock is valued at NRV or cost w.e.l. In this situation the assesse has adopted the NRV since it is less than cost. How will he show the details of Loss on Revaluation in the Closing Stock Statement which he will certify and give to his auditor. I want to know how exactly the Closing stock Statement will be and how the details must be presented in it.

Hello
As per the master circular of RBI dated 01.07.2009, the auditor of NBFC COMPANY has to give a report to the BOD in addition to the auditor report given under the companies act.
whether this report is part OF THE AUDITORS REPORT or it will be a separate report
Regards,
Jyoti Baid