While conducting an audit, the IS auditor detects the
presence of a virus. What should be the IS
auditorís next step?
a) Observe the response mechanism.
b) Clear the virus from network.
c) Inform appropriate personnel immediately.
d) Ensure deletion of virus.
The company has to pay transportation charges for
transporting its materials. The company has not remitted
the TDS on the same within due date. Is this expenses to
be disallowed in STI. This expenses is directly considered
on valuation of closing stock.
If concern supply garments from outside purchase to movie
producer for their production then is it maintain Service
Tax if yes then how and at first what steps I have to take?
In order to comply with the matching principle, adjustment
entries are made at the preparation of ----------
What doyou mean by assesment order? and for what purpose it
will be passed?
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st
October, 2005. Transportation
and installation charges were incurred amounting Rs. 10,000
and Rs. 4,000
respectively. Dismantling charges of the old machine in
place of which new machine
was purchased amounted Rs. 10,000. Market value of the
machine was estimated at
Rs. 1,20,000 on 31st March 2006. While finalising the annual
accounts, A values the
machinery at Rs. 1,20,000 in his books.
Which of the following concepts was violated by A?
(a) Cost concept
(b) Matching concept
(c) Realisation concept
(d) Periodicity concept.