if accountant miss the journal entry of outstanding
expenses. since its is a error of omission it cannot affect
the Trial Balance how we auditor find it out.
- 10 Answers
- 17743 Views
- Infosys, I also Faced
- E-Mail Answers
Answer Posted / s
All Payable entries create under liabilities group, sapose
mar month expenses payables like salaries payable,
electricity payables we have to pay coming next month ... so
in that period mar month liability shoing Cr Balance so, in
Trial balance it will show as a liability...
| Is This Answer Correct ? | 19 Yes | 5 No |
Post New Answer View All Answers
How to involve people in audit?
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
Audit strategy based
Explain the before an audit processes?
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
what is audit & activities of auditor?
What do you know about KPMG?
How can i disable closing stock in trial balnce in tally?
Explain the basic principles of an internal audit controlsystem?
Explain different functions of internal audit?
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
accounting & audit system of film production enterprises
Which books are helpful for practising accounting's most tricky sums?
what audit procedure i can do in the share capital account of a company and why it have been apply?
What is an internal audit and what is the role of internal audit?
