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Can an auditor undertake an audit of a Receipts and
Payments Account?
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Answer / guest
Yes. The report however cannot be in the form of a "true
and fair" opinion, as the accounts do not comply with the
rules for arriving at such an opinion.
| Is This Answer Correct ? | 9 Yes | 1 No |
Is it necessary that monthly provision should be exact
If my basic salary is Rs 15000/- Pf is deducted on capping of 6500/- ie 780/- per month. If I work for 20 days and then my basic salary comes to rs 10000/- which is still higher than minimum limit of Rs 6500/-.Please suggest PF deduction will be 780/- or lower based on 6500x20/30x12%
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