08 August 2011
i am doing tax audit of sima engineering associates.partners are mrs X,Mrs Y,Mrs Z but X,Y,Z look after the business.In bank statement,on 24,25,26,29th march Mr X,Y,Z withdrawn total amount Rs 18,00,000.totally. They have withdrawn for their personal purposes.money will not come to business again.How to show that amount in accounts so that no problem arises for auditor and client.
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