Lottery

This query is : Resolved 

16 February 2009 How should income be recognised in the books of accounts for lottery business? Does anyone have audit prog/critical areas for online lottery business?

21 February 2009 There is no standard procedure for any audit area... Develop on ots own...

As regards online business, ask them on what basis they recognise income. How they come to know whether they have won anything or not...



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