20 October 2010
An Individual has two shops and in the shops. he is the proprietor. Now Tax Audit of the Individual is to be done. Pls suggest will we have to show Final Account for both the firms separately and then a commulative final a/cs. OR
Can we prepare a single Profit & Loss A/c and Balance sheet statement.
Pls suggest.
Guest
Guest
(Expert)
20 October 2010
prepare BS and P&L a/c separately
and consolidate both for tax purpose......
Querist :
Anonymous
Querist :
Anonymous
(Querist)
20 October 2010
Pls guide can we charge audit fee in both the balance sheet and also will we have to make two audit reports