whether books of account are prescribed u/s 44AA, if yes list of books so prescribed."No" please anybody answer to me ours is a partnership firm and we are maintained computer system accounting and in our audit report in that statement mention "No"
why audit report not mention list of books of accounts if it is require or not
(ii) a journal, if the accounts are maintained according to the mercantile system of accounting;
(iii) a ledger;
(iv) carbon copies of bills, whether machine numbered or otherwise serially numbered, wherever such bills are issued by the person, and carbon copies or counterfoils of machine numbered or otherwise serially numbered receipts issued by him
11 August 2012
The format of books of account has not mentioned in the act but generally it is required that as per the principals of accounting the books should be maintained as has correctly been mentioned by Siddhartha
CAclubindia
