points to be check ledger&journal scrutiny
This query is : Resolved
vikke kumar gupta
(Querist)
25 June 2010
plz tellme what points to be check in ledger & journal scrutiny.
Rahul Gupta
(Expert)
25 June 2010
Some Points are >
1. The date of entry should match with the date of transaction.
2. The nature of transaction relates to the ledger to which it was posted.
3. Check the arithmetical accuracy.
4. Check the correct posting i.e debit or credit.
5. Check out that opening balance is correclty posted.
6. Check the closing balance computed.
1. The date of entry should match with the date of transaction.
2. The nature of transaction relates to the ledger to which it was posted.
3. Check the arithmetical accuracy.
4. Check the correct posting i.e debit or credit.
5. Check out that opening balance is correclty posted.
6. Check the closing balance computed.
Message likes :
1 times
Abuzar Azmi
(Expert)
25 June 2010
These are the broad aspects, which we need to check in ledger scrutiny.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
