How to Convert Crypto to GBP in the UK (Fast & Low Fees)
Selling your crypto for GBP in the UK should be simple, but between slow banks and hidden fees, i…
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عرض الرسائل ذات التصنيف Auditingعرض الكل
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3 Essential Money Control Systems for Businesses (Petty Cash + Mail Sales + Retail Transactions)
PETTY CASH TRANSACTION :- Following system of internal check for petty cash transaction is very us…
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Comprehensive Guide to Vouching of Expenses: Entertainment, Telephone, Custom Duties, and Income Tax
Let’s be real, auditing expenses isn’t exactly glamorous work. But when you catch that one infla…
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How balance sheet and journals are audited
TRIAL BALANCE :- The statement of balance extracted from ledger accounts is called trial balance. …
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Define dividend and what are the duties of auditor relating to dividends
DIVIDENDS :- The return on investment in share is called dividend. It is the part of the profit ea…
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What are capital profits? Are these available for distributor as dividend
CAPITAL PROFITS :- Those which are not entered during the course of business are called capital pr…
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Determination of profits how these effect the different parties
PROFIT :- The amount of income which is excess than the expenditure of the business during a given…
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Define divisible profits and explain the main principles of divisible profit
DIVISIBLE PROFITS :- According to black and white publishing company (1901) "Profit available…
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Write a note on the following, 1. Sinking fund 2. Depreciation fund 3. Reserve fund 4. Intangible assets 5. Capital expenditure 6. Revenue expenditure
1. SINKING FUND :- It is accounting term for cash set a side out of the profits for the particular…
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Write a note on the following, 1. Contingent liability 2. Contingent assets 3. Provision 4. General reserves 5. Revenue reserve 6. Capital Reserve
1. CONTINGENT LIABILITY :- It is a liability which is not a natural liability but happening of an …
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Discuss the advantages and disadvantages of secret reserves or Explain the objects and importance of secret reserves
OBJECT OR IMPORTANCE OR ADVANTAGES OF SECRET RESERVE :- Following are the important advantages of …
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What are the secret reserves and what are the different ways of creating the secret reserves and what are the duties of an auditor in respect of secre
SECRET RESERVES :- "A reserve which is not visible on the balance sheet is called secret rese…
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Discuss those points which should be kept in view at the time of investigation
INVESTIGATION ON BEHALF OF TH PURCHASER OF THE RUNNING BUSINESS:- The purchaser of the business wa…
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Discuss the various kinds or classes of investigation also discuss the main objects of investigation
KINDS OF INVESTIGATION :- Following are the important kinds of investigation : 1. Investigation…
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Define the term Investigation and differentiate between auditing and investigation
INVESTIGATION : Meaning :- When for a special purpose an inquiry is made into the accounts of the…
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On which grounds the auditor can present the qualified report explain the reasons or Explain the features of qualified report
REASONS or FEATURES OF QUALIFIED REPORT :- Following are the important reasons of presenting the q…
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What do you mean by Qualified Report and give the specimen of qualified report to the share holders of the public limited company
QUALIFIED REPORT :- " Annual report of the auditors which contains previous discrepancies or …
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As an auditor give you have completed the annual accounts of a limited company. How would you give an unqualified report to the shareholders
ANNUAL REPORT :- Annual report is required for every public company where audit is compulsory. In …
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How would you prepare your report for inclusion in prospectus as an auditor of the company
PROSPECTIVE REPORT OR REPORT FOR INCLUSION IN PROSPECTUS :- If it is running business auditors rep…
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What are auditor duties in respect of statutory report and give an imaginary specimen of such report
STATUTORY REPORT :- The report which is submitted by the directors in the first general meeting of…
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