How i do ledger scrutiny(give the examples of rent share
capital etc.)
Answer Posted / laxmi narain
In case of rent paid we have to see that whether in rent A/c
1.rent is paid regularly,consistency shd b there
2. Amount of rent paid shd be in accordance with rent agreement
3. Security deposit with the land lord shd nt be charged in
rent A/c
4. If we r paying the property tax also then we shd see tht
it shd mention in rent deed.
Share Capital
1 We shd check is there any fresh issued share capital
during the year
2. if issued then the company shd hv the authorised share
capital upto issued new share.
3. whther all d call money has been received properly or not
in issue of share capital.
4. and we shd also see if share r issued as bonus then the
expenses incurred on such issue can be claimed in P& L a/c
but in other case expenses on issue of share cant be claimed
in P & L a/c
Is This Answer Correct ? | 80 Yes | 12 No |
Post New Answer View All Answers
what is the reason for controls in an IS environment?
Explain how to do an internal audit effectively?
What is an internal audit and what is the role of internal audit?
which of the following procedure would auditor lease likely perform in planning a financial statement audit?
Explain the importance of evaluating an internal audit department?
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
What do you find the most challenging in Accpuntant role
Do you know the different types of audits?
what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-
How to reconcile GST Tally and GST Portal ?
Do you know what are the reasons for getting audited?
I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??
How can scope of internal audit help you?
What Is Social Audit?
What was your most rewarding accomplishment of your career and why