17 August 2010
please provide me internal control questionnair for the audit of freight expenses and how to link such freight expenses with purchase and sales
17 August 2010
i just giving a suggestion. even i do not know my answer is suitable for your question. always keep your company job number particular shipment. while opening docket itself, create a job number. mention the same job number for all the documents such as bill of lading, liner / carrier bill, fumigation bill, survey & measurement bill etc. if you maintain job number, you can find out the profit and loss also for the concern shipment. please reply of your understanding.
17 August 2010
Freight Related to purcahse are Freight Inwards A/c as a direct expenses, while Freight related to sales are freight outward as selling & admn. expense. At the time audit , you have to check bilty or bill of freight & check whehter vechile is coming in unit or going from unit. Most of cases, on bill vechilce no is mentioned . and In some state purchase and sales outside state , a form is filled for this in which transporter details and bill details are given. You can cross verifty it from that form also like form 31/form 38 etc.
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