06 January 2009
As an accountant you have to check that all the transaction is properly accounted for .you need to see that there is clear cut diffrentiation is made between revenue/capital transactions.All the items of expenses and income pertaining to the year or period is properly accounted for, the Year or period ended transaction like , depreciation, discount, closing stock,prepaid exp,outstansing exp, provisions for liabilties,interest,misc exp to be written off,claims,rebates, taxes etc.
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