Investment Audit
Jitender Kumar Yadav (38 Points)
02 May 20206lakh ka loss hua toh kya Audit hogi?
agr audit ho toh kese bacha jaye pls help with example.
Jitender Kumar Yadav (38 Points)
02 May 2020
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 03 May 2020
Audit depends on how is the turnover is calculated.
Out of the total sales, you need to consider how much is the intraday transactions.
Then remaining sales is to be considered as normal turnover.
You will also have to decide whether the transaction need to be considered as business or investments.
Kindly share more details. on caparth @ parthdshah.com