banner_ad

Scrutiny of Leger

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 April 2008
Sir,

How i will conduct the Scrutiny of Ledger during the Audit of F.Y -2007-08.

Please guide me sir
Profile Image

Sindhu

Profile Image

Sindhu (Expert)
27 April 2008 Hi,

First go through the TB. Go to individual ledgers if possible and try to ananlyse the entries if it has been passed in the correct account ledgers.Further if the amount is inconsistent get a clarification to ascertain its correctness.

Basically enter into P & l A/c
1.Start analysing the correctness of each account may not be each entry once you get the feel of accounts
2.Check the applicability of TDS for expenses and ascertain if the same has been adhered to
3.Applicability of VAT, service tax and input whether it has been availed and claimed.
4.Whether any expense has been overstated or understated.
5.Whether the expenses have been accounted under the correct head of accounts.
These are the synopsys based on which the logic can be built on and Ledger scrutiny can be carried out
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details