Easy Office
Easy Office

Online Lottery

This query is : Resolved 
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(Querist)
16 February 2009 how should income be recognisewd in the books of accounts of an online lottery business? does any one have audit prog/critical areas wrt to lottery.
Also anything on offence & penalty
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Deepak Agrawal

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Deepak Agrawal (Expert)
21 February 2009 There is no standard procedure for any audit area... Develop on ots own...

As regards online business, ask them on what basis they recognise income. How they come to know whether they have won anything or not...

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