to confirm the balance of subsidary in the financial st.

Questions › Category: SA-505 › to confirm the balance of subsidary in the financial st.

priya asked 4 years ago

your client has sold goods worth Rs 500,000 to its subsidiary co. you have obtain confirmation from subsidiary co. is it sufficient?

1 Answers

0 Vote Up Vote Down

Ravi Staff answered 4 years ago

— Usual or Unusual Transaction, Its Purpose
— Authorisation by AC, BOD or SHs as required
— Dispatch Records
— Sales Invoice
— Ledger
— Confirmation
— Disclosure in Notes to Accounts