Pls provide the information relating to the GAAP. India/US
Also provide what are the Generraly accepted principles of expenses.
My query is, while conducting audit, i found tthe following:
The accountant enters a single entry for all the expenses done in a period of 15 days every month two times for work at a particular site. The problem is that the vouchers/bills contain the different dates of expenses but the same is entered at a single date, say 15th and 30th of a months.
WHAT DOES GAAP HAS TO SAY ABOUT THIS.
CAclubindia
