Reg Preparation of Audit Report of Individual

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

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

Upgrade to CAclubindia Pro. Subscribe Now!