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If we miss a entry at journal can we find it in latter
stage or in audit how can be find it
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Answer Posted / anil
In case of tangible assets, stock, cash/bank and other
physical available things the missed entry can be find out
by way of reconciliation.
In case of non tangible ex. Commission receivable/payable,
ledger balances etc. the confirmation from third party can
be obtained.
In case of non tangible and non availability of third party
ex. depreciation excel and statistics formula will be
helpful.
| Is This Answer Correct ? | 1 Yes | 0 No |
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