Recently I read that:


Study of Bank statment with its reconciliation with books of accounts gives an idea about "Incidence of devolving of LCs".



Please let me know the meaning of "Devolving of LC.s"

What are the contents of Audit Manual?

Bank Had credited our account with interest twice on 31.03.2008, which was reversed on 01.04.2008, what will be the accounting treatment as interest received will be shown in books.
1)Should i show the interest amount as per bank or i should treat it as an extraordinary items as per AS 5

Suppose bank has credited interst twice on 31.03.2008, which was reversed on 01.04.2009. what will be the tax treatment, should i consider the same as income and pay tax

what to do if the company hasnt applied for TDS no. and it is into its 2nd year of operation?

will the co. be liable to pay TDS on remuneration paid to directors b4 applyin for the no.?

also, there is no other employee receiving salary more than 40,000 only directors receive remuneration?

Is the co. liable to deduct tax on remuneration to non-executive director also?

how to rectify such a situation?

Thank you

I have cleard my FInals this time. Am not sure what to do next. Should i do my DISA, CISA next or should I opt for starting other courses in management accounting, Insurance etc.. Please advise.. Or are there some other better options?

How to show the following in the books of a company which had paid advance for purchase of Flats for its employees.

Advance given to a Developer for Purchase of flat.

Delivery after three years.
Advance, plus milestone payment involved.
The buyer has entered into an agreement.
We can not take the asset as the same is not complete.
There is a liability to pay the contract value.
Notes under capital contract not executed ??


Is it need any disclosure as required by AS-1

It is mandatory to learn sections in IT for passing CA final exams.

Please tell me procedure to study IT.

I have FDs in two separate banks. I want to ask whether I can show the FD interest on receipt basis instead of accrual basis.

If yes, can I show on receipt basis for one bank and on accrual basis in case of other bank.

thanks & regards

Ajit Jain

Friends

I cleared my CA final exams this time.

Can you please let me know whether is it compulsory to undergo GMCS training though i have got 5 years of relevant experience as a Finance Director and Company Secretary.

I live and work in London since last 8 years and now i have got British Passport and Citizen. I still dont understand how does this training requirement applies to me?

Much appreciated if you can guide me. I would like to get my ACA number as soon as possible.

Thanks

Yash Dave