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Is it mandatory having Knowledge of auditing to an accountant ?
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Answer / hemant dubey
Ya its mandatory for an accountant
If any one maintain the books of Accounts during the pass
the entry he wil not know the effect of that business
then what is the meaning of the that entry.
Its for better accounting it is necessary
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / ravindra
yes it is mandatory because all the accounts maintained by
the accountant will be verified by the highly qualified
audit professionals so audit is mandatory
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vivek mohan
we can say that auditing is the later or final
stage of accounting bcoz accounting need to
be verified by auditors where it is mandatory.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / barodianbuddy(acca)
Yes, it is mandatory but not necessary.
| Is This Answer Correct ? | 0 Yes | 0 No |
The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?
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