yogen (Accountant) (105 Points)
08 February 2013sir, my name is yogen, i am working in a company where previous year (2011-12) balance is not available but there is some assets which are in compay and there is no any purchased docoument of that assets and there is some liabilities which i come to know.
sir How can i overcome from this situation please help me.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 08 February 2013
YOU CAN ASK YOUR AUDITOR AS THEY MIGHT HAVE YOUR ACCOUNTS BACKUP,
AND THEY MIGHT HAVE DUPLICATE COPY OF BALANCESHEET AND ALL,
IT IS DUTY OF THE AUDITOR TO TAKE BOOKS OF ACCOUNTS OF CLIENT
CA Ashish Gupta
(Internal Audit GST Balance Sheet Income Tax )
(55 Points)
Replied 12 February 2013
just do wat management says.....
if they say to show these assets in books , then take the biils (they are always there) and just pass the entry after deducting proper depriciation relating to past years.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
