03 December 2010
as concerned my knowledge we find things when preparing the P&l ACCOUNTS.
IF manufacturing company mainly valuevated the inventory according the AS-2. Concentrate on the interest receivables and paybles loan payments and advances any other statutory dues reserves and provisions after the calculating the profit its called as a profit and loss account apportions. and another important issues is calculating the depreciation of fixed assets. TAX are matched with the commercial dept files and audit records
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