Dear experts

Could you please let me know the language of certificate regarding 'opening balances' and 'balances of Debtors & Creditors' to be obtained from a proprietorship concern for the purpose of tax audit. The assessee is for the first time under tax audit.

Thanks in advance

b/d c/d
debtor rs.132500 147500
(-)provsn rs.20,000 25000
debtor goes bad 70,000 .will the (a)open.&clos. balances r shown IN SCHEDULE SHOWING W.CAPITAL CHANGES,if yes (why). can we show only balance in figure amt. of DEBTOR A/C in CHANGES column of w.capital statement . plz tell me what will be the corret treatment of it while making fund flow statement.


if we take difference of opni.& closi balances debtor ,
what will be done for bad debt & provision made for d.d. of current year in PROFIT & LOSS ADJUSTMENT A/C?

suggest me tutors 4 CA final's all subjects
all d options available n d best one shud also be mentioned with the alternatives available
reply asap

Dear Mr. Ankur Garg,

Dear Sir,

Please provide me the notes for CS Executive Programme. my e-mail id is biren565@gmail.com.

Thank you.

dear friends,

i have completed ma CA. After looking in to the current job opportunities it seems like its better to be in fund management field rather than typical audits and accounting.Kindly let me know any of the course which help me to understand the field in much better manner. Whether our Institute (ICAI)offers any of such type of courses. kindly let me know. i will be very thankful.

thanks & regards

kamal jha

SIR,
A PERSON HAS A NURSERY AND FROM IT HE IS SELLING PLANTS. NOW HE HAS NO ANY OTHER INCOME. WILL THE INCOME FROM THE BUSINESS BE TOTALY EXEMPTED?

Dear Experts,

We need your urgent attention here for the following matter -:

We exported some goods through our company in Jan 09 and Feb 09

Now our customer wants return some goods due to Quality Control Rejections.

Our customer wants us to issue some credit notes due to the amount of USD 25,000

How can we show the entries to the books.

And to what Invoice nos we show credit note as ?

Please help ?

Dear Sir/Madam,


I have read the AAS 12 carefully and many thanks for your help!
You have done a really excellent and considerately great job.

I found from some internet source that, "In India, public sector companies
and banks have joint audits. The concept of a joint audit - where more
than one firm audits the financials - is not popular globally and of the
G20 countries is only practiced by France."

However,
(1)how can we define a company falls into the category of "public sector companies"? Is there any official list of "public sector companies"?

(2)And I was puzzled some of the companies employing joint auditors are not
banks and they are private in ownership.

Since joint auditors are generally more costly..It's really strange.

Why these private in nature(ownership)listed companies choose to employ joint auditors (rather than one audit firm), since they are not required must to do so by law?


So deeply thanks and looking forward to your quick reply.


Yours sincerely,
Daisy

A manufacturing co is consturcting a building. Co is deducting WCT TDS under MVAT act as the said activity comes under WCT.

Co is making WCT TDS payment under form no. 405 under MVAT Act.

After closing of the year is there any return to be filed with sales tax department or filing of form no. 405 is sufficient.

I have not cleared my 2nd group of PCE. In IT & SM, according to me, I should score more than 60 marks but I am not able to cross atleast 40. What is the loose point. How should I prepare for 2nd group in Nov,09