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More Audit Interview Questions

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,


Expand---------PRB

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Is Taxi bills allowed to claim the LTA?

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What aspects interest you in the field of auditing ?

0 Answers   Ernst Young,


Please give me a tamil answer to (i) What is Tds (ii) How many percentage to calculate like this below method to give answer Particulars Amount (%)

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i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

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WHAT ARE THE DOCMENTS TO BE READY FOR THE F/YEAR END AUDIT

5 Answers  


What are non-cash impairment charges?

1 Answers  


What is the purpose of meeting in audit?

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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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How can scope of internal audit help you?

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Whether the term loan which was long term as on Mar-11, but now it is short term due to its repayment within one year from the reporting period. Whether it should be classified as short term borrowings or other current liabilities as per Revised schedule VI.

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