Hi Experts

Profit and loss account includes Truck income on presumptive basis u/s 44AE.My query is:-

1.Whether we can show the value of truck in Balance sheet with amount of depreciation,though it is not charged to P/L.

OR

It is wrong to show the value of Truck in B/S

Please clarify.

Best Regards
Ritesh

Me nd my frnd both are fresher C.A. and we have decided to go for Partnership firm
Can any one give me an idea about how can we get the stock audit from banks & My second question is that k Are we Eligible for subscription of any tender , if yes, kindly suggest the way...
Thanx in Advance..

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