How to verify journal vouchers???? nd wat are the possible queries in it????
Journal Vouchers will be prepared for Pending bill payments or any adjustments.
For pending bill Payments have to check proper supporting bills and for adjustments you have to check why the adjustment entry is required. if you not get the reason then the company accountants have to clarify you regarding adjustment entry.
Actually for material amount journal entries you have to check in detailed be cause there is chance for mis usage of company funds by creating fictitious ledger accounts.
other than that nothing in journal entries.
Anshul Jain
(Article)
(33 Points)
Replied 07 March 2012
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 23 March 2012
CAclubindia
