27 December 2013
The following steps are require for ledger scrutiny:-
1)Proper grouping of ledgers 2)Adhearance to accounting principles 3)Adhearance to ICAI guidelines 4)Adhearance to the principles of double entry system 5)Trend analysis in regular expenditure 6)Statutory compliances 7)Proper narration in entries 8)Long outstandings 9)Linkage between the grouping and the nature of transaction entered into with various parties 10)Booking of expenditure 11)Linkage between accounting treatment and narration 12)Proper accounting treatment 13)Entry in proper voucher type .