Branch Accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2011
Sir
A Pvt Ltd Co. registered in Feb. 2011 having registered office in Gurgaon. It opened a branch in Delhi also.
Is it necessary to have separate audit of branch books ? If yes, then
Can the auditor of both branches be same ?
And should i club all the assets and liabilities or i should show the profit only of branch in head books ?
A Pvt Ltd Co. registered in Feb. 2011 having registered office in Gurgaon. It opened a branch in Delhi also.
Is it necessary to have separate audit of branch books ? If yes, then
Can the auditor of both branches be same ?
And should i club all the assets and liabilities or i should show the profit only of branch in head books ?
27 May 2011
You can appoint same auitor for both the branches and you have to show consolidated financials
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