What documents to make
This query is : Resolved
28 November 2013
hi friends,
my client has recently got a petol pump alloted in his name. in this financial year 2013-2014 his turnover will exceed Rs.2 crore. he has only purchase bills of oil and daily sale register(quantititive).
what other documents like salary register etc. he should make for audit purpose. his sale is retail as such is it is necessary to maintain the sale invoice bill book.
please guide me to make his a/c and other documents in a better way.
thanks
my client has recently got a petol pump alloted in his name. in this financial year 2013-2014 his turnover will exceed Rs.2 crore. he has only purchase bills of oil and daily sale register(quantititive).
what other documents like salary register etc. he should make for audit purpose. his sale is retail as such is it is necessary to maintain the sale invoice bill book.
please guide me to make his a/c and other documents in a better way.
thanks
28 November 2013
Documents are nothing but conclusive evidence of accounting.
Any transaction made in books of account has its origin from book keeping.
If Book keeping is insufficient or incomplete then accounts are not reliable and considered incomplete.
Journal, Cash Book, Bank Book, Sales and Purchase Register, Payroll register along with all vouchers, bill, memo, invoice, Debit / Credit Note and any further document which is required to substantiate the accounting entry should be maintained.
Any transaction made in books of account has its origin from book keeping.
If Book keeping is insufficient or incomplete then accounts are not reliable and considered incomplete.
Journal, Cash Book, Bank Book, Sales and Purchase Register, Payroll register along with all vouchers, bill, memo, invoice, Debit / Credit Note and any further document which is required to substantiate the accounting entry should be maintained.
14 August 2023
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
