what are the process of doing ledger.say me plz
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Ledger scrutiny is part of audit procedures, like vouching, posting etc.The scrutiny is required in all type of audit whether the same is Internal Audit, Statutory Audit. Ledger scrutiny is to be done for all type of clients whether the same is Pvt Co., Public Ltd, or a concern. The ledger Scrutiny is also required irrespective of whether the accounts are maintained manually, on Tally, or SAP or customized accounting software. Where ever there is a ledger, whether the same Stock Ledger, Accounts Ledger,Drs, Crs, Exp. Ledger, Ledger scrutiny is must.
mitu41:
hii
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In simple words we can say that - Debit side all the payments. Credit side all the receipts.
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