Day: December 26, 2021

Bad debts written off are verified with reference to relevant correspondence and proper authorisation.  Ascertain the total amount lying as bad debts.  Ensure that all recoveries of bad debts have been properly recorded in the books of account.  Examine notification Read More …

 Review the internal control on junk materials, as regards its generations, storage and disposal and see whether it was properly followed at every stage.  Ascertain whether the organisation is maintaining reasonable records for the sale and disposal of junk materials. Read More …