Regarding statutory audit
This query is : Resolved
02 January 2013
hi,
I want to know about process of Ledger Scrutiny?
Please explain me in step by step process for conducting scrutiny of each transactions.
what should i do if any transaction/ledger i find not proper? how can i record it?
please explain
I want to know about process of Ledger Scrutiny?
Please explain me in step by step process for conducting scrutiny of each transactions.
what should i do if any transaction/ledger i find not proper? how can i record it?
please explain
02 January 2013
I think you should start with checking the opening balances and gradually move onto sales, purchases, expenses and incomes. With these ledgers you would have completed most of cash & bank transactions. then you should verify Fixed Assets, whether depreciation has been provided or not and in the manner and at the prescribed rates. Then you can check all the other ledgers. If you do not find a ledger or a few transactions proper you should note it down and bring this to the notice of your principal or your senior and try and understand the same. If any discrepancies are observed you should talk to the management and get the same rectified.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
