Ledger sercrutiny

Save Share

This query is : Resolved

kulwinder kaur (Querist)

20 July 2013 DEAR SIR
CAN U TELL ME ABOUT HOW TO DO LEDGER SECRUITNY AND WHAT IS THE BENEFIT OF THIS AND HOW CAN I PREPARE MY EXAM ND STRONG MY BASE IN THIS LESS TIME PLZ SUGGEST ME

Rupesh Jain

Rupesh Jain (Expert)

20 July 2013 ledger scrutiny help u to under stand that exp. and payment made to vendor or customer books correctly.

kulwinder kaur

kulwinder kaur (Querist)

20 July 2013 OK SIR AND HOW I CAN STRONG MY BASE IN MY STUDY

Ganeshbabu K

Ganeshbabu K (Expert)

20 July 2013 Generally we do ledger scrutiny to find any mistakes / wrong entries or to check any unnecessary entries found in the ledger

1)see applicability of TDS and reversecharges in ledger scrutiny of expense ledger and confirm whether the liability for reversecharge/tds were discharged according

2) check if ledger balance is showing differently

i.e, debtors ledger should show dr balance if it shows cr balance just ask for the same

once you have done ledger scrutiny of all ledgers in a company we can ascertain audit risk and whether all entries are done accordingly.

Please refer below articles for your reference

https://www.caclubindia.com/articles/ledger-scrutiny-backbone-of-statutory-audit-part-2--15001.asp

https://www.caclubindia.com/articles/-ledger-scrutiny-backbone-of-statutory-audit-14826.asp

Thanks & regards
Ganesh babu k

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now