Why we are prepareing Bank Reconciliation Statements ?

10 Answers  

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Why do you want to join audit?

0 Answers   Ernst Young,

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Talk about recent developments in the audit field. How do you feel these have effected public sector auditing?

0 Answers   Ernst Young,

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plz guide me about study?

2 Answers  

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State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100

3 Answers  

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If any expenses accrued for the F.B.T paid quarter in the next relevant quarter, can we post the expenses in the next quarter?

1 Answers  

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What duty to auditors and independent examiner have to report problems to the Commission ?

2 Answers  

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Where do you see yourself in 5 years time?

2 Answers   Ernst Young,

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my friend paid Rs.6.00 Lakhs go a government office through a demand draft for a particualr permission/license. But actual fee payable by is Rs.2.00 Lakhs. Peviously submitted demand draft for Rs.6.00 Lakhs has not been adjusted into governmet account. he went to govt.office and requested to return the 6.00 Lakhs demand draft and assured that he wll pay th actual fee of 2.00 Lakhs. Can he get back the previously submitted Rs.6.00 Lakhs demand draft duly paying the actual fee of 2.00 Lakhs

1 Answers   JP Group,

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purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

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What sorts of accountant count as "qualified accountants" to be independent examiners for charities with income over ?100,000 or assets over ?1,000,000?

0 Answers  

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when does closing stock shown in trial balance?

6 Answers   Ernst Young,

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