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How i do ledger scrutiny(give the examples of rent share
capital etc.)
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Answer Posted / milind
Ledger scrutiny means to check whether the closing balance
is showing the natural closing balance in trial balance.
e.g. Dr. Bal for all the expenses and Cr. bal for all
incomes. If it is not showing the natural balance the
person scrutinising has to find out the reasons for the
same.
One has to find the recurring behaviour of ledger like rent
for Monthly debits
| Is This Answer Correct ? | 154 Yes | 49 No |
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