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what is audit mean?
what is vouching?
how to finalize the account?
what is the meaning of
+ cast
< as per last year auditor’s a/c
^ as per ledger
JV journal voucher
PV payment voucher
AJV authorised journal voucher
APV authorised journal voucher
RV receiving voucher
PCV petty cash voucher
CPV cash payment voucher
DN debit note
DO delivery order
PO purchases order
CN credit note
PS policy schedule
RPS renewal policy schedule
B bill
Cx cross check
nCx cannot cross check
CB cash bill
L list/letter
SRF stock requisition form
R report
OR office report
INV invoice
DS deposit slip
AB assessment bill
Re receipt
ECF entertainment claim form
ATRF air ticket requisition form
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What entries will be passed thru Journal Proper
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
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basic concepts relating to final acount
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Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
would gross expenditure vouch the correctness or otherwise of the given expenses?
Audit 
