Vouching of Cash Transaction In a business concern, cash book is maintained to account for receipts and payments of cash. It is an important financial book for a
Audit of Shares issued for Consideration other than Cash Shares may be issued for consideration other than cash under the following circumstances: 1. Issue of Shares to Vendors:
Audit of Shares Issued for Cash The audit procedure in case of audit of shares issued for cash can be studied in three stages, as below: 1. Application
Special Features of Social Audit Any activity, which can create an impact on the society shall become subject to the social audit. Social audit is different from other
Cash is a highly liquid asset. Hence, the probability of committing frauds and errors is certainly more in cash transactions. Therefore, we have to verify cash transactions with
Procedure for conducting Investigation in Auditing The following procedure are followed while conducting Investigation in auditing. 1. Determination of Nature and Scope The instructions of the client regarding
Vouching of Purchases Book Purchases Book is meant for recording transactions relating to credit purchases of goods. The other names of Purchases Ledger are Purchases Day Book, Purchase
The social audit movement was first started in U.S.A. Later it gathered momentum in U.K., Japan and one or two Western countries. In spite of this development the
Methods of Providing Depreciation The following are the various methods for providing depreciation: Straight Line or Fixed Percentage on Original Cost or Fixed Installment Method. Written Down Value