audit report
This query is : Resolved
05 November 2008
Mr X Is proprietor of two business of rice mill .whether two audit report will be prepared or 1? can different a/cing method (Cash or Mercantile) can be applied for these 2 business?
Guest
Guest
(Expert)
05 November 2008
only one audit report is required to be made.
only one method of accounting (cash or mercantile) can be applied.
only one method of accounting (cash or mercantile) can be applied.
06 November 2008
yes...only one report has to made...can follow cash or merchantile basis its their option,except in the case of companies...
if your customer is nt a company then they can follow cash basis...
if your customer is nt a company then they can follow cash basis...
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