Interested to Buy Any Domain ? << Click Here >> for more details...
internal checksystem
- 3 Answers
- 6023 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
Internal Check system is an arrangement of the duties of
members of staff in such a manner that the work performed by
one person is automatically and independently checked by the
other.
In other words, it is a system organised within the concern
itself, wherein the work of one employee is automatically
checked up by the other and the possibility of error or
fraud is reduced to minimum.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / gaurav
it is system by which work of one person is checked by
another person independently.it also reduced the chances of
error and also make control in different hands rather than
putting load to one person.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shiny
internal check is an important part of internal control. it
deals the finincial and statitical of the company and
safeguard the assets and the improtant things.
it the division of work in such a way that the work of one
is automatically checked by the other as they work
independently and there is lees chance of fraud unless the
employee and altered.
| Is This Answer Correct ? | 0 Yes | 0 No |
Assume we have taken a vehicle on leasing Cost Of vehicle Rs.2445000 (vat 261964.00)on 22/12/09 ,the vecle lease for 4 years and made intial paymenent as Rs.25000 &the monthly leasing amount Rs.59806.00,pls let me know the double entries for this finacial year (with figers)
we want to know that the rate of TDS on contractor , rent, Professional and also know that what is the minimum amount for TDS on Contractor , Professional
What are the importance of internal audit to the organization?
WHAT IS IFRS? IS there any corelation between AS 30 and IFRS?
what is bank audit and what type of document is used in bank audit
2 Answers IOCL, State Bank Of India SBI,
How can scope of internal audit help you?
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.
What are objectives of internal audit?
Fill the missing amounts on the basis of the accounting equations; Sl.no Assets liabilities Capital 1 20000 15000 ? 2 ? 15000 10000 3 10000 ? 8000
can we depreciate land &building and whats the rate of dereciation
What is caro 2004?
what is internal check?
Audit 
