Builders stock audit
This query is : Resolved
27 December 2011
i am doing a stock audit of a builder who has got land under sra scheme ?
what all documents are required to be maintained by the builder at the site ?
what is to be verified by me at my weekly visit to site ?
pls suggest if any suggestion
thank you
what all documents are required to be maintained by the builder at the site ?
what is to be verified by me at my weekly visit to site ?
pls suggest if any suggestion
thank you
Guest
Guest
(Expert)
29 December 2011
The builder is required to maintain the following accounting records at site :
1. Stock Register
2. Bill of Materials (BOQ) for recording quantity of materials issued to site
You can verify stocks on a weekly basis and you can check the entries in the Stock Register and the Fixed Assets Register, with underlying supporting documents.
FCA Prashant Chavan
1. Stock Register
2. Bill of Materials (BOQ) for recording quantity of materials issued to site
You can verify stocks on a weekly basis and you can check the entries in the Stock Register and the Fixed Assets Register, with underlying supporting documents.
FCA Prashant Chavan
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- TDS Challan Code
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Agriculture income or business income
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
