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audit report

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(Querist)
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?
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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.
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CA Bosu babu

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CA Bosu babu (Expert)
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...
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