Answer Posted / chetan

according to AS 9 which states that expenses have to be shown in the balance sheet and outstanding expenses have to be charged to the profit and loss account under the head auditors remuneration....the opening stock wil be shown in the closing balance sheet under the head euity and capital according to the revised schedule VI....it will be divided into current and non-current and if the expense is for a period of more than 1 year it will be shown under the head current liabilities...miscellaneous expenditure cannot be shown according to the revised schedule VI.....
WE CANNOT BOOK CURRENT YEAR EXPENSE IN THE NEXT YEAR...ONLY IF THE EXPENSE IS GENUINE IT CAN BE BOOKED IN THE NEXT YEAR...YOU SHOULD NOT ASK SUCH DUMB QUESTIONS...1ST GO CLEAR YOUR CONCEPTS AND THEN IF YOU HAVE SOME CHALLENGING DOUBTS THEN ONLY COME AND ASK ME

Explain how to do an internal audit effectively?

1048

---

Why do you want to work in audit?

1181

---

what is the difference you can make by doing your course in the country of your choice

2381

---

what is audit & activities of auditor?

2437

---

promotions of a new apointed auditor in cgda.

2407

---

I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??

2077

---

What is an internal audit?

1056

---

purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

2131

---

Should the duty of creating a purchase order be segregated from the duty of creating a vendor?

2177

---

for how much loan a borrower has to submit QIS

1706

---

What Is Social Audit?

1149

---

What is an internal audit and what is the role of internal audit?

1059

---

What is an audit process?

1148

---

What are the different advantages and disadvantages of internal audit?

1144

---

Which books are helpful for practising accounting's most tricky sums?

1531

---