Unaccounted sales
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2012
DGCEI SEARCH HAS BEEN CONDUCTED IN A COMPANY IN THE F.Y 2010-11 AND UNACCOUNTED SALES HAS BEEN FOUND. FURTHER THEY HAVE TAKEN CHEQUE FOR RS 20000000/ AT TIME OF SEARCH. IN THE F.Y 2011-12 COMPANY HAS ACCEPTED THE UNACCOUNTED SALES AND PAID THE EXCISE DUTY LIABILITY THEREON. HOW TO DISCLOSE THE SAID SALES IN THE COMPANY ACCOUNTS IN THE F.Y 2011-12. what is the duty of auditor
CA BHARATH KUMAR
(Expert)
02 July 2012
Take advice from Chartered Accountants(statutory Auditor) . because it is serious issue . so you dont take entry without permission of auditors
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