1. IN THE P & L OF A PVT. LTD. COMPANY CLOSING STOCK IS MENTION IN THE INCOME SIDE AN OPENING STOCK IS MENTION IN THE EXP. SIDE OF BOTH YERS. I EXAMINE THE LAST YEAR P & L. OF THAT COMPANY BUT NO INFORMATION REGARING OPENING AND CLOSING STOCK IS MENTIONED.
PLEASE SUGEST ME THAT WHAT TREATEMENT SHOULD BE DONE WITH THESE ITEMS????
2. WHEATHER THE AMOUNT OF PROVISION FOR INCOME TAX AND DEFERRED TAX ASSETS HAVE BEEN INCLUDED IN THE COLUMN OF "INCOME TAX INCLUDING DEFERRED TAX" OR NOT????
17 October 2011
i had seen last year p &l bt trading a/c has been saperately prepared and no information has been given in e-form 23 ACA for this relevant year so i m confused what treatement should be done in this case..?????
CAclubindia
