points to be check ledger&journal scrutiny
This query is : Resolved
25 June 2010
plz tellme what points to be check in ledger & journal scrutiny.
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 :
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25 June 2010
These are the broad aspects, which we need to check in ledger scrutiny.
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