How to vouch the bill received book and bill payable book?

Bill receivable book: At the time of vouching the bill receivable book, auditor should take the following steps.

Internal check over postal sale

For the postal sale following system internal check is very important. 1.      V.P.P

Internal check for sales over the counter

There are following system can be recommended for the sales over the counter. 1.     &nbs

How journals and trial balance are vouched ?

Journals: Journal is basically used for recording, opening, adjusting and closing entries and also those transacti

Steps of vouching a petty cash book kept on imp rest system ?

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In auditing the cash book, what use would you make of the bank statement? How would you check the bank reconciliation statement?

Audit of bank statement: The bank column of the cash book should be verified with the bank statement or bank pass

Various kinds of Errors in accounts. their Effect on trial balance. how auditor will detect them?

Generally in books of accounts we find the following types of errors. Detection of errors is the main advantage of

Discuss three basis used for calculating predetermined factory overhead rates?

 FOH predetermined rate is calculate on five bases some of these are follows: Materials costs Direct labor

Procedure of Vouching the Purchases Ledger, Sales Ledger and General Ledger ?

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Define Prime cost and Conversion cost?

    1. Prime cost:             &

Define joint product and By-product?

  1. Joint cost:              &n