Infromation regarding mall's or super market audit

1790 views 2 replies

Dear Friends,

                      Firstly i want to know how should i maintain the books of a super market where there is daily 1000s of transactions of purchase and sale ? If u or ur friends had done audit of any mall or super market then please share the experiance with me. I have the responsebility of one super market from its accounting entries to its final audit.

                      Secondly there is always one common question which confuses me when i think about different types business, that what will be the best way of maintaning accounting procedure of this type of business ? And are there any books or coaching where i'll get this information ?

Replies (2)

The most important thing in a super market is the inventory. So firstly the inventory audit is required. The second thing to go by is the Bank reconcilliation. This will help to draw the format of the Balance Sheet.

The vouching and verification of Sale, Purchase Direct and Indirect Expenses is required. One can also do the random check or the Sample check (like Sale invoice of above Rs.500 to be checked) depending upon the turnover and the client requirement.

Ledger Scrutiny of the Books on accounting software is also required.

 

Hope this helps.....................................:)

I agree with Shweta that in supermarkets major control has to be placed on inventory. There are a few softwares to maintain the supermarket accounting and they are Comcash POS software, GoldTech Retail Manger, Microsoft Dynamics GP, CounterPoint by Radiant Systems, NetSuite Multi-Channel Retail Management Suite etc. However, their licencing and usage in India has to  be checked. As a consultant you may also advice the management to place surveillance cameras.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details