Fixed assets verification
This query is : Resolved
Dasharath Appa Pujari
(Querist)
26 November 2012
Dear Friends,
Please let me the main points to be considered while undertaking Fixed Asset verification?
Please let me the main points to be considered while undertaking Fixed Asset verification?
CA Kishore Tallam
(Expert)
26 November 2012
These points may be useful:
1. Whether all the assets are properly tagged or not.
2. A proper FA register is maintained or not.
3. How is the management exercising controls on inward and outward movement of assets.
4. Whether all the assets physically are verified and reconciled with books.
5. Presentation of differences on verification.
1. Whether all the assets are properly tagged or not.
2. A proper FA register is maintained or not.
3. How is the management exercising controls on inward and outward movement of assets.
4. Whether all the assets physically are verified and reconciled with books.
5. Presentation of differences on verification.
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Dasharath Appa Pujari
(Querist)
26 November 2012
Thanks Kishore.
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