Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT ARE THE DOCMENTS TO BE READY FOR THE F/YEAR END AUDIT
- 5 Answers
- 7668 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Question is about the documents and not the reports.
For year end statutory audit, All Purchase Bills, GRNs,
Sales Invoices, Cash & Bank Payment & Receipt Vouchers,
Debit & Credit Notes (if any Bank Statements &
Reconciliation Reports, Agreements, Statutory records
relating to Commercial Taxes, Excise, Income Tax / TDS, ESI,
EPF, Gratuity, etc., and any other documents based on which
accounting transactions have been recorded. All these
documents are needed for verification (100% or random) to
substantiate the veracity of the transactions. Wherever
necessary, Confirmation of balances / statement of accounts
from the Creditors/Debtors are also required.
Trial balance can be generated from The Accounting system
and from this P&L A/c and balance Sheets are prepared.
What's mentioned above is only limited and exhaustive list
can be taken from the Statutory Auditors in the form of
Check List well in advance before the commencement of the
audit. To ensure a smooth & effective audit, audit plan
shall be in place and documents can be kept ready as required.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / sabs
the trial balance, balance sheet and the income statement
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / b.nagaraju
trail balanace and bank statement p&l account bl.sheet and
investments and also lic premiums tds advance tax rts
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / g.vasudevan
Trail balance,P/L A/C,Balancsheet,Income/Expenditure
Statement A/C.
| Is This Answer Correct ? | 0 Yes | 3 No |
what is the BRS
13 Answers Capital IQ, Genpact,
what is the difference between capital and revenue expenditure
what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-
How i do ledger scrutiny(give the examples of rent share capital etc.)
5 Answers Kekran Mekran, Private, spykar,
Explain tangible assets?
Give an example of a time when you had to go out of your way to help someone ?
under wchic head will Goodwill come
hi i want to know the use of lookup, Hlookup and Vlookup with full example with Excel file. pls if any body have this pls help me.
company A is parental company of company B.if company A pays rent for company B to landlord,What will be the journal entry recorded in the books of company A and company B?
What is a cheque
33 Answers Bank Of America, College School Exams Tests,
Why do you want to work in audit?
0 Answers Ernst Young, Thomson Reuters,
Expand---------ESRD
Audit 
