My client has started a company. The company has first year of operations.
Net worth is eroded due to depreciation and Interest on term loan.
how to deal with such case in Audit report?
Thanks
SIR/ MADAM , IS ANY TAXPAYER IS TAKING A GOLD LOAN , THEN IS IT TO NEED TO SHOW THE GOLD VALUE AS ASSET IN BALANCE SHEET?
Dear Sir /Madam
We are importing machinery to our company, my question is fixed assets on bank loan any advantages, pls let me know.
RESPECTED SIR
I WANT TO KNOW ABOUT LAST DATE OF AUDIT REPORT (BALANCE SHEET) SUBMITING FOR F.Y. 2023-2024
Limited Liability Partnership
which has a turnover from Professional Services only
Turnover is 27 lakhs in FY 2023-24
it shows Income less than 50% of Turnover
Is this LLP Liable to Tax Audit. Please Guide
Respected Sir/Madam,
one of my client has not enabled audit trail during the Financial Year 2023-24 and also they have not conducted any transcation in company during the year whether i required to qualify my opinion in audit report beased on audit trail not conducted or i can give clean opinion and just mention audit trail paragraph in Auditor’s Responsibilities for the Audit of the Financial Statements.
kindly suggest.
Is mandatory to prepare balance sheet in new format or recommended only? for non corporate entity
We would like to appoint Peer review auditor in our company. Any one could provide list of peer review auditor(CA) in chennai.
can any one provide draft of notes on accounts and accounting policies of non corporate entity ?
Hi
Revenue booked, GST Paid and payment received during the FY 2023-24, the actual services were delivered in 2024-25- how to account the entry?
FY 23-24 - Revenue (Sale-P&L) Dr.
Deferred Revenue(Current Liability) cr.
FY 24-25 - Deferred Revenue Dr
Revenue CR
Is it Correct?
Thanks
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Going Concern in first year of operations