Auditing
Audit of Partnership Concerns – Guidelines Audit is not a compulsory one for a partnership firm. But as there are many advantages of getting the accounts; audited, now-a-days many …
Audit Procedure
Vouching Sales Ledger or Debtors Ledger – Procedure, Guidelines to Auditor After having checked the Bought Ledger, the auditor should proceed to check the Sales Ledger, which contains the …
Audit Procedure
Vouching of Bought Ledger or Creditors’ Ledger – Audit Procedure & Guidelines Bought Ledger consists of creditors’ accounts. An auditor should check the opening balance of different accounts in …
Guidelines for Auditors
Vouching of Forward Purchases – Procedure, Guidelines to Auditor In certain businesses, forward contracts are made for future purchase of raw materials at a fixed price. Such deals are …
Audit Procedure
Vouching of Wages – Audit Procedure and Guidelines to Auditors The vouching of payment of wages is an important duty of an auditor. There are many chances of misappropriation …
Marketing
What is Sale? If the property in the goods is transferred (transfer of ownership) from the seller to the buyer immediately it is known as sale. What is Agreement …
Business Environment
ISI Standard – Objectives and Procedure The ISI was established in the year 1947. It has been renamed as the ‘Bureau of Indian Standards‘. Its main objective is to …
Business Environment
What is Storage? A manufacturer needs to keep adequate stock of raw materials to ensure smooth production. A trader has to maintain adequate stock of the products he sells …
Business Environment
Sea Transport Ships carry consignments to different parts of the country and to different parts of the world. The merits and demerits of sea transport are discussed below. Merits …
Business Environment
Basically, the modes of transport for delivery of goods have been classified into three categories, namely land transport, sea transport and air transport. We shall discuss some of the …
