Question

how will you verify sundry debtors​

Answer 1

Answer:

Steps for Valuation

Debtor's ledger should be supported by sales ledger.

Auditor should obtain list of book debts, bad debts written off and for provision for doubtful debts.

Sundry debtors should be valued at realizable value.

Confirmation of balances shows that valuation of debtors is correct

Answer 2

Question ⤵️

how will you verify sundry debtors.

Answer ⤵️

Steps for Valuation

• Debtor's ledger should be supported by sales ledger.

• Auditor should obtain list of book debts, bad debts written off and for provision for doubtful debts.

• Sundry debtors should be valued at realizable value.

• Confirmation of balances shows that valuation of debtors is correct.

Hope it helps you ✌️

Explanation:

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