Mis
This query is : Resolved
28 July 2011
Respected Sir,
How to prepare MIS of Pvt. Ltd. Co,.
Please help me
How to prepare MIS of Pvt. Ltd. Co,.
Please help me
29 July 2011
Dear Mangesh,
MIS is a common word used now a days to represent reporting to upper management about the operations of the management. MIS is a broad term used in common parlance. MIS format is dependent upon which level of management are u making the representation and what are their objective or agenda of meeting which will discuss the information reflected in MIS.
MIS is a common word used now a days to represent reporting to upper management about the operations of the management. MIS is a broad term used in common parlance. MIS format is dependent upon which level of management are u making the representation and what are their objective or agenda of meeting which will discuss the information reflected in MIS.
29 July 2011
Thanks for the reply, But how i will be assure that the report which i prepared from tally data is correct & the net profit what i shown in MIS report is absolutely correct.
29 July 2011
Dear Mangesh,
Your case is of not on how to prepare on MIS but on whether you can rely on Tally data or not. You have to check the accounting controls in place, internal controls in place, internal control environment, and the qualification and knowledge of the person handling the accounting department. If you have been assigned the responsibility to verify the accounting data, you can do sample check of vouchers and scrutinize the accounts to get comfort of accounting information available in tally.
Your case is of not on how to prepare on MIS but on whether you can rely on Tally data or not. You have to check the accounting controls in place, internal controls in place, internal control environment, and the qualification and knowledge of the person handling the accounting department. If you have been assigned the responsibility to verify the accounting data, you can do sample check of vouchers and scrutinize the accounts to get comfort of accounting information available in tally.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
