Audit queries [913]

All Resolved Open

Dhaval Desai

23 April 2009 at 20:39

purchses/sales to be recognised at which rate(AS11)

As per AS11 Initial recognition should be done at the rate of exchange prevailing on the "DATE OF TRANSACTION"
What does the date of transations mean?
For Export sales:
at which rate sales to be recorded?
1.Rate on the date of sales bill
2.Rate on the date of Bill of lading

same for Import purchases:
at which rate purchases to be recorded?
1.Rate on the date of purchase bill
2.Rate on the date of Bill Of entry

please clarify the matter soon

Rahul Singh

23 April 2009 at 20:36

Fixed Asset

Hi
I need a write up for the fixed asset audit work done by us,as we have to report on.....
Physical identification contaning F.A. details, Location,User,Assets Specific details..
Financial Details contaning value,Invoice no.,classification/group,%dep.,purchase date,put to use date,
Capitilisation of assets
Impairment of assets
And all other relevent stuff related to the Fixed Assets Audit.

Montu

23 April 2009 at 16:07

Format Of Management Letter Issued by C.A

Can you send me format of Management Letter Issued By Auditor to Client ?

Suraj

23 April 2009 at 12:05

Tds deduction liability in case we pay rent

Dear sir/madam,
I m paying rent on vehicle & for building to same person but rent of building does not exceed 120000.00 but total rent including vehicle exceeds 300000.00 (vehicle rent 180000.00)
Should we deducte tds on total amt or only on vehicle rent.

Regards,
S.k.Sah

Suraj

23 April 2009 at 11:59

tds applicability on unloading and detetion or someother cha

Dear sir/madam,

I m engaged in audit of transport business.

and i m hiring other transport to whom we pay transportation charges and deducting tds.
but they are charging unloading and detention charges is it charges liable of deduction of tds?

Regards,
s.k.sah

bapi

22 April 2009 at 19:37

bill of lading

who issues the bill of lading

bapi

22 April 2009 at 19:28

Relates to Import purchase & Export sales.

is there any procedure for checking of Import purchase & Export sales?

bapi

22 April 2009 at 19:18

Difference

what is the difference between air freight expenses & air freight charges?

bapi

22 April 2009 at 19:12

bill of lading

what is bill of lading?

Rahul Singh

22 April 2009 at 17:14

Asset Audit Report Format

Hi

I need a report format for..Fixed Assets Audit..Which contains..reporting on its physical identification..Finincial details..Capitilisation & Impairment of assets along with other relevent matters.

Kindly help me out.
dablu.rahul@gmail.com