Good day all.
Right now I am preparing an analysis on the P&L figures.

Is there a .pdf file in which I can use as reference to know whether the deductions are allowed or not.

For example;
Gifts to customers.

Where can I get the .pdf file ?

I hope somebody can help me out here.

In terms of broadband connection provided to employees,
is it tax deductible to the employer?

I do understand that if the broadband connection is given to employees,
it is tax deductible, but is it deductible to the employer as well?

A question.

Supposedly an invoice were issued to you for traveling expenses in Jan'11.
The supplier was paid in Feb'11.

What is the transactions like ?

Is this correct :

Invoice:
Dr Traveling Exp
Cr Supplier

Payment:
Dr Supplier
Cr Bank

Kindly advise, thanks

Let us assume that the supplier is an other payable supplier.
Is the accounting treatment correct?

Thanks for the reply
Was asked about that during my interview session with WHO yesterday.
Was having a slight nervous attack, so weren't sure whether the answer was correct, LOL

Does anyone have an audit working paper?

It is like a job sheet, where we have to answer the questions in the paper, to justify the things that we will be looking at, and the audit that we have done.

Would appreciate it if somebody could share it here

LOL that is what I need, a blank audit paper, like a sample or something.

LOL I am already working. But sadly, my company does not have an audit working paper.
So it is hard to make sure that all the necessary audit for Financial Statements/balance sheet have been done properly.

LOL like I said, I am not using it for my studies.
I need it because I am currently helping a friend to check on an account for a company that he wants to acquire.

Would appreciate if anyone have it

A question.

For money pumped in by shareholders in a private limited company, will it disclosed in share capital, or amount owing to Directors?

Alright, let me rephrase the question.

The two shareholders just open up a new company.

They both agree to pump in RM50k each, consisting of 50,000shares of RM1/share.

Question;
Does the money be dislcosed in share capital,
or amount owing to director?

Okay, then let us assume that the money was used to buy machinery.
What will be the accounting entries?

First;

Dr Bank
Cr Share Capital

Then;
Dr Machinery
CR Bank


Am I right?

LOL

A question;

Say, X, has employment income & business income. So, does he needs to submit his tax return on the calendar year (by 30-Apr-2012) or based on his business year end?

Thank you for the reply.

However, if the person owns a company, what are the items that he needs to indicate in the business column?

Say, the business year end is 31 December, but the person (as an individual needs to submit individual tax return by 30-Apr-2012.

Does the needs to apportion the director's remuneration?

And in the case of dividends payout, does he needs to indicate that in the personal tax return, as have not know whether the company is going to give out dividends? Or does the dividends be declared in the following year's tax return?

Kindly advice, thanks.