These include amounts recoverable either in cash or in kind for value to be received, e.g., rates, taxes and insurance. The auditor should obtain a list of all advances and compare them with balances in the ledger. He should ascertain that advances were made under proper authority and were being recovered
regularly by agreed instalments. Where there is an agreement the same should be inspected. In the case of old balances, the auditor should ensure that provision has been made in respect of irrecoverable advances. Particulars mentioned above in respect of book debts must also be given for

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