Difference in Stock report
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2011
Dear Experts,
i m doing audit of Pvt Ltd company and found out difference in Stock report submitted to bank and the balances appearing in tally. How to resolve the issue now?
i m doing audit of Pvt Ltd company and found out difference in Stock report submitted to bank and the balances appearing in tally. How to resolve the issue now?
17 May 2011
bank reports are made adhoc basis in relation to the credit facility enjoyed by the client, so it should be less than the actual stock,
take care of actual stock as per books as certified by management.
take care of actual stock as per books as certified by management.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2011
what if variation exceeds more than 5%
05 June 2011
You are doing Audit for shareholders so ignore the % of variation reported to bankers and go for correct valuation only
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