Educational society
This query is : Resolved
12 September 2012
Dear sir,
How to maintain books of acounts in education society please help on this iam waiting for a satisfying reply.
How to maintain books of acounts in education society please help on this iam waiting for a satisfying reply.
12 September 2012
Most of the Educational Institutes maintain their Books manually.
Eg : When a transaction occurs, a journal entry is made coinciding with this transaction. Later these transactions are posted from the journal to the ledger, then a trial balance is made to insure that the accounts are accurate and "balance".
Eg : When a transaction occurs, a journal entry is made coinciding with this transaction. Later these transactions are posted from the journal to the ledger, then a trial balance is made to insure that the accounts are accurate and "balance".
12 September 2012
I have done audits of Many EI's & what i have observed is all of them have maintained their accounts manually.
Entries relating to Expenses & Income are made in the Ledger Register.
Entries relating to Expenses & Income are made in the Ledger Register.
12 September 2012
For More Info. Refer my article -
https://www.caclubindia.com/articles/audit-of-educational-institutes-ei-s--13879.asp
Or Contact me at -
Sanyam.arora27@gmail.com
https://www.caclubindia.com/articles/audit-of-educational-institutes-ei-s--13879.asp
Or Contact me at -
Sanyam.arora27@gmail.com
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