Transaction not deposit but become later on deposit

    Posted By : Pankaj / Published on : 30-May-2020 08:36 AM / View : 153 / Comment : 0
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    Kindly provide your valuable suggestion on below question

    Initially Transactions are not deposits and become later on or fall in Deposit definition then what compliance need to made and how auditor should deal in Audit Report.

    Example- Advances received from customers are not deposits till 364 days but fall in Deposit thereafter then how company will comply and steps need to taken. Further How Statutory Auditor should deal the same.
    Read more on : deposit later become transaction

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