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.

Answer Posted / jeyalakshmi

all outstanding expenses are fully omitted, so they could
not affect the trial balance

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the accounting treatment on Putoption over own shares.?

1044


what audit procedure i can do in the share capital account of a company and why it have been apply?

3812


what is the steel consumption per sq ft for ground plus 12 floors

1104


Why a company or firm should carry out the audit related work.

2436


What are the basic principles of an internal audit controlsystem?

709






What is final audit?

689


What are documents need to vouch while doing sales vauching?

1006


What is the mean of statutory audit?

724


How would you describe your management style

1823


What is an audit process?

700


Explain the basic principles of an internal audit controlsystem?

674


Which books are helpful for practising accounting's most tricky sums?

1156


i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.

1350


What are objectives of internal audit?

717


May deduct TDS Froma reseller ?

1735