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sanjay (Article assistant) (100 Points)

23 April 2013  

 

AS A STATUTORY AUDITOR HOW U DEAL WITH THIS FOLLOWING
 
Apex Ltd., a well reputed manufacturing public limited company has made a
contribution of Rs. 2.5 lacs during the financial year ended 31.3.12 to a political party
for running, a school, situated in the village, where most of the workers of the company
reside. It is admitted that the benefit of the school is mostly for the children of the
workers of the company. The company has not made any profits in the last four years

plz suggest the answer of this above..