21 September 2013
my client has sadi show room from many time.last year he audited it as its t/o was 72 lac. now he also started one business of trading of edible oil last year i.e 12-13 and its T/o is 1.7 crore & it has loss of 7 lac and he will shut down this business in13-14 but his main business i.e sadi show room has 60 lac T/o and has profit of 5 lac. now what to do ?
he has to audit both the firm or can he carry fwd his loss
CAclubindia
