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If we miss a entry at journal can we find it in latter
stage or in audit how can be find it

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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