If we miss a entry at journal can we find it in latter
stage or in audit how can be find it
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Answer Posted / v.sreenivasulu
I CAN'Y SAY EXACTLY, BUT I WILL GIVE AN EXAMPLE:-
JOURNAL : SALARIES PAID.
P&L A/C ..............DR
TO CASH A/C
IF U MISS TO POST THIS TRANSACTION.
BANK/PHYSICAL BALANCE CANNOT BE RECONCILED. OUTSTANDING
SALARIES APPEARED ON LIABILITIES SIDE.
TRIAL BALANCE WILL NEVER EFFECT WHEN WE MISS TO POST
JOURNAL ENTRY.
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