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What is impoetance

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2015 why statutory auditor demand Ledger balance confirmation of any party.

26 April 2015 To check whether balance in your book is in confirmation with the balance as per books of other party. It is a very important procedure for audit and finalization.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2015 but sir.
i just want to know what is criteria for balance confirmation




26 April 2015 You just need to send a letter stating the balance and asking the party to confirm it.

Check out the format of Balance confirmation letter from link given below:

https://www.caclubindia.com/share_files/balance-confirmation-letter-59430.asp



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