audit of purchase
This query is : Resolved
AMIT KUMAR ROY
(Querist)
04 April 2008
please explain me that how will i carry out the audit of purchase.
because i do not have basic concept of purchase audit
thanks
because i do not have basic concept of purchase audit
thanks
05 April 2008
start with basic checking like this:
1. check purchase requisition (Indent)
2. Check the quotations (Min. 3 for every order)/Rate contract/ Arrangement with the above.
3. Check the purchase orders with the best quotation.
4. Check the MRN/GRN with the PO.
5. Check the Invoice/bill with the MRN and PO.
***Thats it...
1. check purchase requisition (Indent)
2. Check the quotations (Min. 3 for every order)/Rate contract/ Arrangement with the above.
3. Check the purchase orders with the best quotation.
4. Check the MRN/GRN with the PO.
5. Check the Invoice/bill with the MRN and PO.
***Thats it...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
