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

An asset was completely obsolute and not in use,now such asset is completely under repair and renovation for making it ready for use.whether depreciation can be claimed during this period.

I have name of the company and i want to know about the following issue

Company Number
State of registration
Date of incorporation
List of shareholders - names, addresses, number of shares
List of directors - names, addresses, designation
P&L
Balance Sheet
Notes
Directors Report
Auditors Report
Special Resolutions passed
Share Transfers which have happened (during what period is this available)
Share Allotments
Bonus Shares
Cash Flow Statement
Abstract
PAN number of company, directors, shareholders
Changes in Directors (for what period is this available)
Other documents that may have been filed with the RoC
Defaults if any on company law

Plz if any one know about any of the above issue or any site where i can get any information plz inform me

Although gratuty valuation is done by valuer but if valuer is not hired, how gratuty will be calculated?

Please let me know -

Is it necessary / mandatory for a company (whether public or private) to charge depreciation as per schedule XIV of the companies act, 1956 or it can charge depreciation as per section 32 of the Income Tax Act, 1961 in the Financial Statements ?

Kind Regards

Neha

In the Case of Satyam, a foreign auditing company has been appointed, eventhough the Balance Sheet and other Financial Statements have been signed by the members of the Institute of Chartered Accountants of India. How it is possible to appoint foreign companies to be appointed as the auditors of Indian Companies. Please give the answer in detail explaining the Professional Ethics issued by ICAI in this regard.

thanks


regards
sarma

a company is holding leasehold plot and has paid a part of lease rent as lump sum and is paying the rest annually.Although it has not yet amortised the lump sum amount of lease rent paid initially. is this accounting treatment in accordance with accounting practice?

a company in earlier has disclosed by way of a note its deferred tax asset figure, but this it is bringing that very figure into accounts only by adding the same with general reserve and with corresponding debit. is their treatment is right?

Sir,plz tell me how to do finalisation of a company,any method can u suggest me.Plz provide me the check list.