Question: Answer the following questions with proper description ; 1 . Can you explain the process of general ledger accounting and how it contributes to the

Answer the following questions with proper description ;
1. Can you explain the process of general ledger accounting and how it contributes to the monthly closure of books?
2. How do you ensure accurate accruals in financial statements and why are they important for financial reporting?
3. What is the purpose of supporting documents for statutory audits, tax audits, internal audits, and other audits? Can you provide examples of the types of documents typically required?
4. How do you analyze an Income Statement and Balance Sheet to assess the financial health of a company?
5. Can you walk me through the process of monthly TDS reconciliation and remittance? How do you ensure compliance with TDS regulations?
6. What are the key differences between GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C filings under the GST regime? How do you ensure accurate and timely filing of these returns?
7. What is the significance of 3CD working with annexure in tax audit processes? How do you prepare for a tax audit and ensure compliance with tax laws?
8. How do you approach transfer pricing audit support and what are the key considerations in this process?
9. Can you discuss a challenging situation you faced while handling tax hierarchy for invoice approval and how you resolved it?
10. How do you stay updated with the latest changes in tax laws and regulations to ensure compliance in your work?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!