Explain the before an audit processes?

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plz guide me about study?

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State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100

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A company paid Mr.R an advance payment of Rs 5000 as tour allowance. After the tour R, submitted travel bill with a expense of Rs3000. He return Rs 1000 and claimed to pay the rest 1000 on a future date. Please pass the journal entries.

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What are non-cash impairment charges?

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i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??

1 Answers   Caretel,

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internal checksystem

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How does the internal audit differ from an external audit?

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Describe a situation where you had to work in a group ?

0 Answers   Ernst Young,

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Expand---------PRSM

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Interstate purchase fixed assets against "c" form how can i enter this bill. Party value:- 2000000 Cst :- 40000 Machinery:- 2040000

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Expand---------BPR

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