The various stages in the product life cycle along with suitable business strategies for each stage. These strategies may be adopted by the Indian jute sector ...

Consignment means delivery of goods to another for sale or purchase. The person who consigns the goods is called the consignor and the one to whom the goods ...

Vouching of Contingent Liability: According to Prof. Walter B. Meigs, Contingent Liabilities may be defined as potential obligation which may in the future ...

An expenditure which have been incurred during the year but the benefit of which will be enjoyed during the next year is called an outstanding asset. ...

Goods sold on credit are recorded in the Sales Book. The auditor should be careful while vouching the credit sales as the documentary evidence. A good system ...

The tax on interest on securities is also to be deducted at source at the given tax rates. The gross amount of interest is taxed from the income tax point of ...

Interest on Securities: Under Income from other sources, securities will have the following meaning: Interest on any security of the Central or State ...

Vouching of Payment of Wages. The vouching of wages is one of the most important duties of the auditor. He should first of all assess the operation of an ...

Vouching of Receipts from Debtors. There should be an effective system of Internal Check. Important parts of such systems should be (a)Persons maintaining the ...

The definition of vouching discloses that it is a sort of preliminary work which forms an important part of the audit work. Since accounts of the business ...