department. Cash At Apollo Shoes irregularities or cash schemes‚ which could occur in the audit cycle of cash include fraudulent disbursement schemes and cash receipt schemes. Fraudulent disbursement schemes are those in which a distribution of funds is made from some company account in what appears to be a normal manner. Cash receipts schemes is the outright stealing of cash (Wells‚ 2005‚ p. 77). Cash is the only account that is included in several cycles. The audit of cash balances is
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introduction of new taxes‚ abolition of a few‚ change in the ratio of direct and indirect tax‚ the number of people falling under tax brackets‚ data documentation and the shift from a volatile budget deficit to an improvement in revenue collection‚ tax receipts‚ curtail expenditures and in short a movement towards a steady and more progressive economy. Introduction Fiscal policy primarily deals with the levels and composition of taxation‚ spending and borrowing by the Government. A sound fiscal policy
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in the statement of cash flow. “All of the followings are cash inflows from investing activities: a. Receipts from collections or sales of loans made by the entity and of other entities’ debt instruments (other than cash equivalents and certain debt instruments that are acquired specifically for resale as discussed in paragraph 230-10-45-21) that were purchased by the entity. b. Receipts from sales of equity instruments of other entities (other than certain equity instruments carried in a trading
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of department’s managers‚ for it to be successful. In conducting my budgeting plan‚ I looked into the Company’s financial data for the first quarter of 2011‚ and related year-end data of 2010. The data involved were; sales budget‚ cash receipts budget‚ purchase budget‚ cash disbursement budget‚ cash budget‚ analysis of short term financing‚ and the preparation of the Company’s first quarter 2011 financial statements. By performing a sensitivity analysis‚ I am able to determine the impact
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Mayor’s Business Permit‚ if the former is still in process with the LGU) and/or PTR issued by the LGU For Professionals where PTR is not required (e.i. Consultants‚ Agents‚ Artist‚ Underwriters & the like): a) Occupational Tax Receipt (OTR)/ Professional Tax Receipt (PTR); b) Birth Certificate; c) Marriage Contract‚ if applicable; d) Contract/Company Certification. Other documents for submission only if applicable: a) Contract of Lease; b) DTI Certificate of Registration Business
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PREFACE The Budget in Brief is a summary of the Federal Budget 2009-10. It is meant to provide essential budgetary information about the revenues and expenditures at a glance. Detailed information is available in other budgetary documents. The federal budget is being prepared in accordance with the budgeting and accounting classification system that has been approved by the Government of Pakistan as an integral part of the New Accounting Model. This is the first year the federal budget is being
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Basic Concepts INTRODUCTION Tax is today an important source of revenue for governments in all the countries. It has become inevitable imposition because it has great potentials for raising funds for meeting the development and defence needs of a nation. DIRECT AND INDIRECT TAXES •Direct Taxes: A tax which is born and paid directly by the person on whom it is impose is a direct tax e.g.‚ Income Tax‚ Wealth Tax‚ Gift Tax‚ etc. It is directly paid by the tax payer to the government without any intermediary
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accounts receivable‚ inventory‚ and production. Controls Justification Cash Safeguarding Cash Cash Receipts Reconciliation Segregations of Duties Accessing cash should be restricted and kept in a locked and safe compartment. Cash should be recorded immediately upon receipt with the use of cash register‚ data entry to computer system‚ hand written log‚ numbered receipt. Cash receipts must be counted and balanced to the cash recording at the end of the business day. Segregated duties
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undivided share-Original-If registered alongwith encumbrance certificate reflecting title deed 3. Construction agreement for allotment of flat - Original 4. Encumbrance certificate for minimum 15 years 5. Sanctioned plan 6. Own Contribution receipts 7. Letter from builder 8. Copies of parent documents for minimum 15 years 9. Cheque favouring letter with seller’s Bank account details 10. Inspection of original parent documents 11. Project Details(uds details with corresponding
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Submit by Email Print Form EXPENSES FORM Please return this form with original VAT receipts to: pay@mintgroup.uk.com or Mint Group‚ The Annexe‚ Chantry House‚ High Street‚ Coleshill‚ Birmingham‚ B46 3BP DEADLINE FOR EXPENSE SHEETS - EVERY TUESDAY 12PM Full Name: Mint ref: Site: Client: Week ending: Tax Week: SUBSISTENCE EXPENSES • • For food and non alcoholic drink consumed within the working day. £5.00 = 1 meal rate (5hrs) £10.00 = 2 meal rate (10hrs) £15.00 = Late evening meal rate (irregular
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