Routine checking is done by ....
Employees of the firm
Auditors staff usually junior staff
Above a and b both
None of the above
Answers
Answer:
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Answer:
Routine checking is done by Auditors staff usually junior staff
Explanation:
Routine Checking is a type of checking that is done in business whether a business is big or small. It keeps the records of its daily transactions in the books of accounts. The daily checking of these books of accounts under the audit is known as Routine Checking. Generally, this work is done by the junior staff of the auditor.
Purpose
1. Making totals and subtotals of primary books of accounts, carrying them forward to the next page, and calculating the balances and their checking.
2. Checking the ledger postings derived from the primary books and journal, and to see whether they are properly done or not.
3. To see the totals of debits and - credits of different accounts and their balances.
4. To check whether balances of various accounts are properly recorded to the Trial Balance, or not.
Objectives Of Routine Checking -
1. It helps to know the mathematical accuracy of the accounts and entered the primary books of accounts.
2. It helps to know the regularity of accounting in the primary books of accounts.
3. By making use of different ticks and Marks informs that no changes are made in figures after the check.
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