Dear experts,
1.How will we know that the company is showing fake profits in its financial statements? And if the profits are more it has to pay maximum taxes so, how will it decrease its tax return?
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2. If we have to show maximum liabilities and show less profits as per prudence concept. So, will this not decrease the goowill of the firm? Because less people will invest?
So how will we deal with this?
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Financial statements
Replies (5)
Better to consult the matter to Your auditor or Consult nearest Consultants...
But i am going to start my foundation and right now i have no consultant to ask so thats why i asked here.
It's open forum, Not for discuss through. So, That's why I replied as above...
Don't disclose your strategy and thoughts openly it may be dangerous contact a certified chartered accountant
@ kashish
1. it's a futile exercise to try for ascertaining the true profit.
nowadays cash flow is mandatory.
observe the cash flow statement prepared.
2.there are some obligatory provisions in the company's act.
follow that.
1. it's a futile exercise to try for ascertaining the true profit.
nowadays cash flow is mandatory.
observe the cash flow statement prepared.
2.there are some obligatory provisions in the company's act.
follow that.
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