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HOW WE CLOSE YEAR ENDING? e.g (CASH, BANK, SALES, PURCHASE,
GENERAL LEDGER, AND OTHERS AS PER YOUR YOUR KNOWLEDGE)
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A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
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Goods destroyed by fire rs.2000 and insurance company claim rs 1250. This is shown on adjustment,how is it posting on profit and loss account and balance sheet
Audit 
