Question { 11878 }

investigation vs audit

Answer

Investigation is the examination of accounts for a special
purpose.The purpose may be to find out the financial
position of the borrowing concern or the earning capacity of
the concern .etc.,Whereas the audit is carried out to
ascertain whether or not the profit and loss account and the
balance sheet exhibit the true and fair view of the state of
affairs and results of operation of the undertaking.

Question { 55827 }

WHAT IS PERSONAL ACCOUNT

Answer

Account which show dealings with persons are called
personal accounts

Question { CTS, 13225 }

what is internal audit?

Answer

Internal audit is an independent appraisal of activity
within the organisation by specially assigned staff.

Question { Logistics, 21387 }

What is journal entry

Answer

an entry made in the journal

Question { 6812 }

What is the purpose of making a trial balance

Answer

To know the arithmetic accuracy of books