16 July 2009
Journal Vouchers generally contains the adjustment entries passed by the company to rectify the errors committed by it during preparation of Bank Payment Voucher.
Say for example instead debiting Advertisement exp if the company have debited rent A/c then the Journal entry will contain this rectification entry.
Again the provisions made by the company at the end of the reporting period is done through Journal Vouchers.
Being Auditor it is our duty to see whether the rectification has dbeen done correctly or not and the required provisions have been made or not.
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