what points should be kept in mind while finalize Balance sheet of Private Limited company?
If possible please provide checklist for Balance sheet Finalization
Thanks in Advance.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 25 June 2021
sabyasachi mukherjee
(25979 Points)
Replied 25 June 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 26 June 2021
So this means it is an auditing issue and I don’t understood why it’s an accounting interview question. Maybe after finalisation, they calculate materiality.threshold.
sabyasachi mukherjee
(25979 Points)
Replied 26 June 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 26 June 2021
Internal controls in auditing is real. I have those text books related to mba, performance management and auditing. The last two makes Sense and highly correlated to the work break down structure or to the organisation pyramid, top-middle and bottom
sabyasachi mukherjee
(25979 Points)
Replied 26 June 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 26 June 2021
Moreover, it looks like CA is behaving responsibly over others to attain discipline on the floor and and achieving their controls systematically like @ Mr. Sabyasachi. Other people should learn from others when their operations are not smooth or at least reason themselves. Needless to say, smoother operations reduced learning curve impact and profit maximising.
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