Day: January 3, 2022

Generally speaking, hire-purchase agreement means an agreement under which goods are let on hire and under which the hirer has an option to purchase them in accordance with the terms of the agreement and includes an agreement under which:  possession Read More …

There are many problems involved in any hotel audit, some of which are peculiar to the hotel industry such as control of cash assume greater proportions. Almost all sales points in a hotel make both cash and credit sales. The Read More …

The special steps involved in its audit are stated below : (1) Verify that entrance to the cinema-hall during show is only through printed tickets;  that they are serially numbered and bound into books;  that the number of tickets issued Read More …

A club is usually constituted as a company limited by guarantee. Therefore, various provisions of the Companies Act, 1956 relating to the audit of accounts of companies are also applicable to its audit. The special steps involved in such an Read More …

The special steps involved in such an audit are stated below; (1) Vouch the Register of patients with copies of bills issued to them. Verify bills for a selected period with the patients’ attendance record to see that the bills Read More …

The special steps involved in their audit are the following : (1) Examine the Trust Deed, or Regulations in the case of school or college and note all the provisions affecting accounts. In the case of a university, refer to Read More …