hi.......
Can any one let me know how the account for deffered tax liablity when
1. It is a PSU company motive of serivce
2. It is having huge cash losses and it will never get profit as its motive is service
3. So how the deal the same in the audit report.
4. Auditor has to state that the company has complied wid all the accounting stadards u/s 211(3c)
plz help.....
thanks in advance
As per AS 22.
i want how it should be treated i am aware of the accounting standard 22 but can u tell me how to treat the liability. according to prudence concept and
1. how to disclose in the audit report
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