Answer / yogesh

stock audit important because in statutory audit report u/s
227 and under CARO 2003 auditory has to answer whether
their proper system for verification and proper valuation
of the inventories otherwise it will spoil whole purpose of
Financial Statement.

if a person is transferred to other place he has not prepared any report regarding AUDIT and someone else is joined in his place and IF AUDIT IS CONDUCTED WHO WILL BE RESPONSIBLE FOR PENDING PREPORT

2 Answers   Shriram,

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What the meaning of Computer Auditing.

3 Answers   emc2,

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company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B?

2 Answers   Cognizant,

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Why we are prepareing Bank Reconciliation Statements ?

10 Answers  

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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

2 Answers  

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Define yourself

35 Answers   Banking, College School Exams Tests, Eicher, INCDA, Infosys, Jet Airways, Lupin, Reliance, Safcon, TCS, Vertex, Volvo, Wipro,

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I purchase New DVD for Students, what can treat this expenditure is recurring or non recurring

1 Answers  

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whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.

0 Answers  

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Service tax for last 2 years not paid. while paying this year, do i need to pay for 3yrs or 1 yr?

4 Answers   Accenture,

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What sort of image do you have?

0 Answers   Ernst Young,

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What is difference between individuals & company? When deducting tds for them how we can compare them?

2 Answers  

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NAME OF FOUR TYPES OF ERRORS?

5 Answers   TATA,

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