Mistake in Last year Financial & Tax audit
This query is : Resolved
25 September 2010
a co-op society whose tax audit of A.Y 2009-10 was done by another CA, there was a mistake in the report. Actualy the society has two bank accounts but in last year Balance sheet only bank account is mentioned and other bank account balance of Rs. 47500/- is not mentioned.
Now I have to do the tax audit for this A.Y 2010-11.
Pls tell what disclosure in this regard I should mention in my tax audit report.
How Can I justify the balance of last year.
Pls guide
Now I have to do the tax audit for this A.Y 2010-11.
Pls tell what disclosure in this regard I should mention in my tax audit report.
How Can I justify the balance of last year.
Pls guide
25 September 2010
both A.Y. year are separate you need to disclose actual bank balance as on 31.3.2010 and u not need to justify last year bank balance.
25 September 2010
but sir due to not taking into account that bank a/c the financial of last year are not correct.
Then how can the opening balance take
Then how can the opening balance take
25 September 2010
bank A/C DR
TO reserve & surplus
TO reserve & surplus
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