Accounts payable and accounts receivable

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Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2018 hi
Please let me know the audit procedure for Accounts Payable and Accounts Receivable.

Expert : Anonymous

Expert : Anonymous (Expert)

25 April 2018 As per Provisions Which Expenses / Incomes is calculated in end of the month that all are comes under provision heads... Ex : Salary is calculated from 1st day of the month to 31st /30th of the month and it's payable in next month. But, Actually the expense consumed previous month and it's calculated and books as payable...