Pat on your back. You have landed on a comprehensive blog relating to journal entry. Before moving onto the main topic of "TDS Receivable Journal Entry", lets understand some basic concepts. Accounts Receivable is a current asset to the entity. This is recorded to account … [Read more...] about Tds receivable journal entry
Accounts Payable Audit Procedures
Accounts Payable Audit procedures are quite different from the testing of other liability account balances. The population is from the period outside the period under audit. Interesting, right? Read on further to understand those procedures. Accounts Payable is a … [Read more...] about Accounts Payable Audit Procedures
Audit Procedures for Cash
Auditing Cash Balance is probably one of the quick audit procedures. The Major Audit procedures for Cash are as simple as sending confirmations. Before understanding the substantive audit procedures for cash, lets have a look into the risk relating to cash balance. Cash … [Read more...] about Audit Procedures for Cash
Auditing Debt (or) Loan Auditing Procedures:
Introduction: Auditing Debt or Loan auditing are not two different aspects. They are the same. That's all about auditing the financial obligation and obtaining audit evidence to confirm that the Debt GL balance is complete and accurate. Lets understand the basic concepts in … [Read more...] about Auditing Debt (or) Loan Auditing Procedures:
TDS on Salary Journal Entry
Tax Deducted at Source: Tax deducted at Source is income tax deducted by the Employer when paying salary to their employees. The Employer is paying tax to the government on behalf of the employee. Lets understand some basics before learning the TDS on Salary Journal … [Read more...] about TDS on Salary Journal Entry
