Journal voucher
This query is : Resolved
16 July 2009
Query regarding vouching...!!!
What is the purpose behind checking Journal vouchers, when all the documentation is done with bank payment voucher???
What is the purpose behind checking Journal vouchers, when all the documentation is done with bank payment voucher???
16 July 2009
Journal Vouchers generally contains the adjustment entries passed by the company to rectify the errors committed by it during preparation of Bank Payment Voucher.
Say for example instead debiting Advertisement exp if the company have debited rent A/c then the Journal entry will contain this rectification entry.
Again the provisions made by the company at the end of the reporting period is done through Journal Vouchers.
Being Auditor it is our duty to see whether the rectification has dbeen done correctly or not and the required provisions have been made or not.
Say for example instead debiting Advertisement exp if the company have debited rent A/c then the Journal entry will contain this rectification entry.
Again the provisions made by the company at the end of the reporting period is done through Journal Vouchers.
Being Auditor it is our duty to see whether the rectification has dbeen done correctly or not and the required provisions have been made or not.
Message likes :
1 times
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
- Opting our of sec 44AD
- Multiple trade mark
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
