Qualifying Report
This query is : Resolved
16 February 2008
Help Me to prepare Qualifying Report for Valuation if Stock and Book Debts With Qualification Being
1 No Proper Books Of Accounts being Maintained .
2 No information received For Valuation of Finished Goods as Whole.
3 No Proper Drawing Power being Calculated for Month .
4 STOCK STATEMENT SUBMITTED FOR MONTH BEING CARRIED OUT ABRUPTLY AND ON ASSUMPTION bASIS .
Regards
KAUSSHAL GHEDIA
1 No Proper Books Of Accounts being Maintained .
2 No information received For Valuation of Finished Goods as Whole.
3 No Proper Drawing Power being Calculated for Month .
4 STOCK STATEMENT SUBMITTED FOR MONTH BEING CARRIED OUT ABRUPTLY AND ON ASSUMPTION bASIS .
Regards
KAUSSHAL GHEDIA
16 February 2008
R u giving report for an banker
or for a corporate?
Coz (In my opinion):
No Proper Books Of Accounts being Maintained !
this is applicable for a corporate only, banker will always maintain the books..
No information received For Valuation of Finished Goods as Whole.
this is also applicable for a corporate only.
But next both are faults of a banker, the corporate can intimate them only..
or for a corporate?
Coz (In my opinion):
No Proper Books Of Accounts being Maintained !
this is applicable for a corporate only, banker will always maintain the books..
No information received For Valuation of Finished Goods as Whole.
this is also applicable for a corporate only.
But next both are faults of a banker, the corporate can intimate them only..
16 February 2008
SUCH REPORT IS SUBMITTED BY AUDITOR TO BANK WHERE DEFAULTING PARTY HAS CASH CREDIT ACCOUNT .
IT IS ASSIGNMENT OF STOCK VALUATION REPORT GIVEN BY BANK TO CA FIRM.
IT IS ASSIGNMENT OF STOCK VALUATION REPORT GIVEN BY BANK TO CA FIRM.
18 February 2008
although there is no such format provided but you can write like this:
' We have conducted audit of and come to know that:
* there is no proper books of accounts with reference to inventories, being maintained.
* There is no any basis for the valuation of Finished Stock.
while scrutinizing stock statement, we come to know that it is based on assumptions and is abruptly prepared.
' We have conducted audit of and come to know that:
* there is no proper books of accounts with reference to inventories, being maintained.
* There is no any basis for the valuation of Finished Stock.
while scrutinizing stock statement, we come to know that it is based on assumptions and is abruptly prepared.
18 February 2008
you can add that the bank has not been calculated proper drawing power of the concern and loosing interest and increasing risk.
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