Trust audit
This query is : Resolved
12 July 2013
In trust audit what books of accounts to be check and what other important point to be in mind when doing trust audit
14 July 2013
u need tocheck following:
1.verify form 10ba.
2.various resolutions passed by trustees.
3.cash book, investment book, bank transactions.
4.check the donation properly accounted alongwith the directions fulfilled given by donor in donors letter.
5.act governing eg.provisions of bombay trust act etc.
6.85%of application of income as per income tax act.
7.extention leter granted by charity commisioner.
8.fixed asset register and other itemsofbal sheet.
9.income and expa/c etc.
this are few of them.
1.verify form 10ba.
2.various resolutions passed by trustees.
3.cash book, investment book, bank transactions.
4.check the donation properly accounted alongwith the directions fulfilled given by donor in donors letter.
5.act governing eg.provisions of bombay trust act etc.
6.85%of application of income as per income tax act.
7.extention leter granted by charity commisioner.
8.fixed asset register and other itemsofbal sheet.
9.income and expa/c etc.
this are few of them.
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