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
- 17705 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
What is audit trail in siebel?
What to do after the audit?
what is audit & activities of auditor?
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
Explain the purpose of meeting in audit?
central excise all question
Explain tangible assets?
What do you find the most challenging in Accpuntant role
What is caro 2004?
What are intangible assets?
why auditors are not true and faire statement of account
How to involve people in audit?
Explain different functions of internal audit?
Would you consider alternative vacancies if so which:
What are the importance of internal audit to the organization?
