Books of accounts not available

Get a copy of previous year financial first complete opening balance

than request to bank to provide you copy of bank statement

prepare bank book

book all payment / receipts entry (to be trace from bank statement)

book all expenses to whom we paid

receipt from debtor (verify debtor from previous year's financials)

More on this open a G/L in the name of accountant and booked all untraced entries in his/her account than report to managemet with all untraced entries for action to be taken

We are the legal consultant. We are not involved with the management

get a copy of the last year return of the company and copy of the audited report and get a copy from the company of the unaudited data or et a copy of the projected balancesheet and profit & loss accounts. or else just go with the accounts departments of the company they may guide u ...

the accounts dept wants to know the best way to make the books of accounts

then it is the best way to approach to the income tax department for the copy of the return as well as audited balancesheets and profit and loss and then go for the projected data of the company regarding the six monthly or quarterly .......and other and if not then go for the back of the company data ....it is not possible that company is not having any back of their data .....

hey thank u

ankit and gaurav for giving the path but what about cash transaction

how they would be traced??

first of all it is common that company is neither trade in cas transaction as per my knowledge company always deals by cheque ....if in case there are some cas trasactions are made then transaction above rs.5000 must be stapped voucher then go for them if u find the same....if not then just go for petty cash registers ...company deals in cash for only petty cash trasactions ....let 's have a look on the system or the software what so provides .....okkk...

n yeah i will provide u the case laws after some confirmations

Find the attached file ...that includes auditors liability as well as case laws ......!! have a look ...all of u ...

find attachments

thanks alot ankit

for sharing

my doubt is clear now

great ..n ur welcome....