All Company and LLPs are required to maintain proper books of accounts since registration on cash basis or accrual basis. Private Limited Companies are required to maintain book of accounts only in accrual basis; however, LLPs have the option of maintaining book of accounts on cash basis as well. The book of accounts must be maintained at the Registered Office of the LLP and must contain information about all the money received and expended, assets and liabilities, statement of COGS, inventories and finished goods statement. At the end of each financial year, all the LLPs are required to prepare their financial statements within 6 months for filing with the ROC.
Document Required for Company & LLP Audit :
Company & LLP Audit takes around 1 week .
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