Provision for doubtful debts account
Write all the Steps for making provision for doubtful debts account?
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Simple Steps for making provision for doubtful debts account:
Step1: Illustrate the opening balance of provision for doubtful debts account on credit side.
Step 2: Exhibit net amount of bad debts (that is, bad debts in trial balance + bad debts in outside of trial balance) on debit side of provision for doubtful debt account.
Step 3: Display the closing balance of provision for doubtful debts on debit side with latest rates that is charged on sundry debtors.
Step 4: When debit side is greater than credit side, then the difference will be shown in the credit side with writing gain and loss account as balancing figure. Now the total of both side of provision for doubtful debts account will counterpart.
Give a brief introduction of the term Internal Audit and also write down the Role of Internal Audit?
Elucidate various Functions of Internal Audit?
Write down the main Objectives of Internal Audit?
Write down the importance of measuring an internal audit department?
Define Revenue in terms of Accountancy in brief?
Distinguish between Operating versus Non-Operating Revenue?
Case must be analyzed and reports run using ACL 9 desktop software (Education Edition). Screenprints of reports should be included and explained. All work must be cited.
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Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ
i juz need answer of question 13 14 15 16... m uploading assignment having 16 questions i have done until 12... m gona upload solution as well
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