What is impoetance

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Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2015 why statutory auditor demand Ledger balance confirmation of any party.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 April 2015 To check whether balance in your book is in confirmation with the balance as per books of other party. It is a very important procedure for audit and finalization.

Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2015 but sir.
i just want to know what is criteria for balance confirmation

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 April 2015 You just need to send a letter stating the balance and asking the party to confirm it.

Check out the format of Balance confirmation letter from link given below:

https://www.caclubindia.com/share_files/balance-confirmation-letter-59430.asp

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