Explain different types of audit, its nature, advantages and disavantages.
Latest Answer: Internal audit external audit are the main types and further they are classified on the basis of nature of work, tangible, intangible. ...
Who Audit the Audit Firms?
A company purchases two laptop computers for a total price of $4200. They charge a company credit card and ship the laptops to the company without charging NC Sales and Use Tax of 6.75%. How would you
What do you mean tax audit? Which component is important for make this VAT audit?
Latest Answer: Tax Audit is audit done under Section 44AB of income tax act.Audit of financial statements considering tax laws ...
How goodwill is calculated?
Latest Answer: Goodwill is recognised based upon the total value of the partnership implied by the new partner's contribution. ...
even if trial balance matches there could be a error, explain?
What is the difference between Tangible Assets & Intangible Assets
Latest Answer: tangible assets are assets that can be seen eg fixed assets motor vehicles etc or stock items,while intangig;le assets can be good will of a company ...
can we deduct tds on hire purchase?
Latest Answer: Under Sec 94-I we can deduct TDS ...
Can we claim Depreciation on second hand purchased Asset? If yes, whether it is fixed or floating?
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