what is the step in preparing the schedule of audit? can
someone explain for me?
Answer / sajjad1
While Preparing the schedule for audit for sales tax, the
following Documents required.for Selected accounting
Periode.
1-Comp Supply Register
2-Company Purchase Register
3-Sales Tax Returns (Sales Invoice Summeris, Purchase Onv
Summeries)
4-Copies of Cheque Issued to Suppliers and Recieved from
Customers.
5-Bank Statment
6-Meterial Consumptrion and Finish Good Report
7-Parties and Customer Ledger
the above shoul be in copy and attested by a authorized
person.
____________________________________________________
ans Schedule for Audut of Comapnt Accounts.
1-Comp Supply Register
2-Company Purchase Register
3-Bank Statment
4-Trial balnce
5-Balance Sheet
6-Salaries and Wages record (Sheets)
7-Inome Statment
8-Accounts Payable and Receivalbe Ledgers
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WHEN CREDITORS SHOULD BE COME UNDER DEBTORS IN WHAT SITUATIONS EXPLAIN WITH EXAMPLES
40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000
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