Accounts

                            Carry forward & set-off of business losses Set off

Every year, a formal balance confirmation should be obtained from all the customers and their account reconciled. A separate form

SI NO PARTICULARS DUE DATE FOR AMNT PAYMENT RETURN DATE FORM 1 TDS 07TH OF SUBSEQUENT MONTH 15TH OF SUBSEQUENT

A) SEGREGATION OF DUTIES 1)   Is the EDP department independent from the accounting and operating departments for which it processes

 VALUATION OF SHARES INTRINSIC VALUE METHOD THIS  METHOD ASSUMES HYPOTHETCAL  LIQUIDATION & CALCULATES REFUND PER EQUITY  SHARES. FORMULAE:- SUNDRY ASSETS:-                              

When fixed assets are sold, by definition, money is, or will be received.  The result is entries to Cash or

                Theory Questions for ICWA Inter (Group-1)                                      Difference between: 1)Reserves & Provision. 2)Income and Expenditure & Payment and Receipts.

PRINCIPLES OF CONSOLIDATION  v    Joint Venture (JV) / Jointly Controlled Entities(JCE) (As per Accounting Standard (AS)-27)       Profit & Loss