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
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Specified Profession
- Last year TDS Claim
- TDS related Query_Liquidated Damages
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
