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?
CAclubindia
