Ledger scrutiny
This query is : Resolved
27 January 2010
how can we perform ledger scrutiny of following
1 Current Assets(Debtor,Stock,Loan&Advance,Misc Expenses)
2 Direct Expenses(Bonus,Conveyance,Fees,Wages,Water& electricity Expenses)
1 Current Assets(Debtor,Stock,Loan&Advance,Misc Expenses)
2 Direct Expenses(Bonus,Conveyance,Fees,Wages,Water& electricity Expenses)
27 January 2010
Debtors : Calculate debtors aging, make ABC analysis, Sample check confirmation from debtors ( by call or mail) to check the geniounness of debtors etc
27 January 2010
Very Good Question for Auditing Area.
Ledger scrutiny reveals "undue pattern" of accounts, if any.
For example; an amount outstanding for more than 2 years is suddenly paid; it may create suspicion whether it is actually paid.
First of all; opening balances of all the accounts will be checked from previous finalised trial balance.
Rest of checking would be made on the line suggested by me to you already........when you asked the same question before...
Ledger scrutiny reveals "undue pattern" of accounts, if any.
For example; an amount outstanding for more than 2 years is suddenly paid; it may create suspicion whether it is actually paid.
First of all; opening balances of all the accounts will be checked from previous finalised trial balance.
Rest of checking would be made on the line suggested by me to you already........when you asked the same question before...
27 January 2010
Agree with Mr.Surendra
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