What is establishment expenses? Establishment expenses refer to the costs incurred in setting up a new business or organization, such as legal fees, office equipment, furniture, and marketing
Vouching of Goods Received on Sale or Return Basis or Consignment Basis – Guidelines to Auditor Sometimes, goods are received from the suppliers on sale or return basis.
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
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
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
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
Vouching of Consignment Sales A separate day book and ledger are to be maintained for the details of goods sent out on consignment The auditor should verify the
Role of an Auditor in vouching Payment of Income Tax The auditor should verify whether it is advance tax, self assessment tax or final payment of tax. 1.
Vouching Sale of Fixed Assets An auditor has to verify the following documents while auditing Sale of fixed assets. 1. Fixed asset register. 2. Sale Agreement. 3. Statement
Vouching of Loan Received An auditor has to verify the following documents while auditing loans received. Documents to be verified: 1. The loan agreement. 2. The sanction ticket
