rajesh


{ City }
< Country > india
* Profession *
User No # 10406
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Questions / { rajesh }
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Answers / { rajesh }

Question { 10367 }

investigation vs audit


Answer

Investigation is the examination of accounts for a special
purpose.The purpose may be to find out the financial
position of the borrowing concern or the earning capacity of
the concern .etc.,Whereas the audit is carried out to
ascertain whether or not the profit and loss account and the
balance sheet exhibit the true and fair view of the state of
affairs and results of operation of the undertaking.

Is This Answer Correct ?    4 Yes 2 No

Question { 47252 }

WHAT IS PERSONAL ACCOUNT


Answer

Account which show dealings with persons are called
personal accounts

Is This Answer Correct ?    44 Yes 14 No


Question { CTS, 10815 }

what is internal audit?


Answer

Internal audit is an independent appraisal of activity
within the organisation by specially assigned staff.

Is This Answer Correct ?    1 Yes 0 No

Question { Logistics, 18203 }

What is journal entry


Answer

an entry made in the journal

Is This Answer Correct ?    19 Yes 14 No

Question { 5975 }

What is the purpose of making a trial balance


Answer

To know the arithmetic accuracy of books

Is This Answer Correct ?    3 Yes 0 No