Concurrent Audit is a systematic examination of all financial transactions at a branch on continuous basis to ensure accuracy and due compliance with the internal systems, procedures and guidelines of the bank. Concurrent audit is an examination, which is contemporary to the occurrence of transaction or is carried out as near to it as possible. Thus concurrent […]
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Norms of Auditing Co-operative Housing Societies in Maharashtra
Norms of Auditing Co-operative Housing Societies in Maharashtra. Laws Applicable to Co-op. Housing Societies 1) The Maharashtra Co-op. Societies Act, 1960 (MCS Act) – having 167 sections effective from 26/1/1962 and The Maharashtra Co-op. Societies Rules, 1961 – having 110 rules effective from 23/12/1963. 2) The Income Tax Act, 1961 and Rules. 3) The Service […]
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Format of Partnership Agreement Between Two Partnership Firm and Company
A partnership is an arrangement between two or more parties known as partners. They come together with a common objective of doing business. These partners can be individuals, companies, firms, any organizations. A partnership agreement is created defining the shares of each partner, the assets and liabilities shared by them. This deed is protected under […]
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Best IPCC Costing Theory Notes
Superb Summary… CHAPTER 1 BASIC CONCEPTS Student’s Tip – Students should prepare this chapter thoroughly from two view points, namely, one in every examination some marks are attributed to this chapter and two, unless students understand the concepts discussed here, they will not be able to grasp the following chapters easily. SYNOPSIS : 1. […]
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