13 June 2009
HI ONE OF MY CLINT(individual) HAS DIFFERENCE IN many CREDITORS since last 4 to 5 yrs e.g.AS PER AUDITED B/S X-200,BUT ACTUAL-150 OR 300 What is proper a/c treatment ? Which a/c standard should apply? What is consequences in tax matter? What is effect on TAx audit report? Should i disallowed this? Which AAS is applicable? IF THESE DIFFERENCEs debit & credit come 18.5 LAcs? Should i debit capital a/c? any case study ?
CAclubindia
