revised audit report

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 September 2010 dear sir
in last year 2008-09 while finalizing a petrol pump's audit report , by mistake tanker freight of Rs. 52 lacs is taken as 42 lacs , sir kindly suggest me how can i rectify it ,
either i can revised the audit report as well as final accounts of last year or to show this 10 lacs as prior period item in current year p& l a/c , if we can claim expenses from such income or not .
please reply soon

18 September 2010 Charge Rs. 10lakhs as exp. for prior period.

Regards
P

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 September 2010 sir it is an item of income , letter of assessment is received from ito

20 September 2010 you cannot rectify it. A the audit report has been resent in the AGM & approved by th shareholders.

Now, the assessment has been done for this.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details