Opening Balance audit
This query is : Resolved
01 July 2010
Can i know the detailed procedure on
how to verify the opening balances in case of a company having schedules and groupings.
whether to verify from b/s or from trial balance
i mean first to verify from schedules or from groupings???
by they waw what do they mean literally?
how to verify the opening balances in case of a company having schedules and groupings.
whether to verify from b/s or from trial balance
i mean first to verify from schedules or from groupings???
by they waw what do they mean literally?
01 July 2010
Take trial with opening balance and verify with groupings detail and schedules.
01 July 2010
TAKE OPENING TRIAL AND LAST FINAL BALANCE SHEET AND MATCH FIGURE OF TRIAL BALANCE FROM SCHEDULES AND GROUPING OF BALANCE SHEET.
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