please help


Accounts Executive

Dear Sir/ Madam,

please give me a notes for checking accounts in before audit for turn over 3cr...
 
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(Guest)

go anywhere rules for accounts same 

important is how much concepts of accounts and 

incometax clear with u that is infortant 

some of good arcticles on internal audit here

just read it understand it and then apply it 

 

 

 


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Accounts Executive

Thank you for the reply Sir...

Please explain one more sir
 
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Accounts Manager

It depends upon the nature of industry. Suppose if it;s a manufacturing unit you have to start from procurementof materials which includes Purchase activity to Product Completion stage viz., including Costing. It the Organisation has more & more Departments viz., Vendor development, Marketing, HR, Finance etc., each area has to be focused with the internation transactions ofeach depts.

 
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Accounts Manager

Hi vishresh,

Check list for before audit :

1. check the sales and purchase entry updated from april to march 31st..

2. Bank Reconciliation all banks.

3. cash book updation.

4.  then you got Receivable & Payable with aging. , get confirmation from vendore for high value.

5. Prepare the provision entry for march .

6. Close all statutory , month on month. & reconcilie with book vs return

7 . prepare FA register.

8. if your in manufacturing industry , prepare  closing stock &  semi finished goods also.

 i think almost you covered for audit ..

 
 
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