Dear Friends
We provided Audit Fees + service tax in the final accounts circulated to shareholders.
But CA did not bill for Service tax.
So are we allowed to reverse provision for audit fees in the current financial year?
Can this be taken as current period item?
Its not an error or omission or change in accounting estimate no? So can we show as reversal of provision in the P&L Account?
i think u need to reverse amount stating Excess provision written off, which will be considered as your income..................
I was going to do that only sir...
but should it be a separate line item in P&L?
RMA And Associates LLP
New Delhi
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
CAclubindia
