Tag Archives | Company

Audit Process of a Company | Term Paper | Auditing

Here is a term paper on ‘Audit Process’ for class 11 and 12. Find paragraphs, long and short term papers on ‘Audit Process’ especially written for school and college students.   1. Term Paper on Audit Process: (Around 250 Words) Q. What is an audit note book? Ans. It is a record, used chiefly in recurring […]

Vouching of Different Transactions | India | Auditing

In this article we will discuss about the vouching of various transactions for auditing purpose:- 1. Petty Cash Book 2. Cash Sales 3. Underwriting Commission on Shares 4. Purchase of Investments 5. Dividends from Investments 6. Sale of Investments 7. Rent from Immovable Properties 8. Sale of Scraps 9. Income Tax Refund 10. Bad Debts […]

Valuation of Assets and Liabilities of a Company | Auditing

Some of the most frequently asked questions on valuation of assets and liabilities of a company are as follows: Q.1. Examine the Factors that Effects the Valuation of Goodwill. Ans. The factors affecting goodwill valua­tion are: 1. Profitability: One who pays for goodwill looks to the future profits. The future profits which de­pend on a […]

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