QuestionsCategory: Co. Audit - Icase Mr X Is a stat and Tax Auditor of A ltd. On 15sept 2018 he completes tax Audit of the company his Tax Audit Fees is of Rs 200000 ,on 16th sept 2018 he Purchases goods from company for personsal use of Rs 600000. Will he dusqualified or not Should we net 600000 and200000=400000
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Best Answer
RaviRavi Staff answered 6 years ago

we should net receivables and payable and see net payable amount