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.
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Answer Posted / niraj prakash (ffil)
If there is a practce of a company to debit outstanding
liabilities in case of all exps payments which is related
with last year , we can easily check through the ledger of
outstanding liabilities.We should maintain every year
ledger reconciliation sysmem in case of outstanding
liabilities.
| Is This Answer Correct ? | 3 Yes | 2 No |
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