Opening Balance audit

This query is : Resolved 

01 July 2010 Can i know the detailed procedure on

how to verify the opening balances in case of a company having schedules and groupings.

whether to verify from b/s or from trial balance

i mean first to verify from schedules or from groupings???

by they waw what do they mean literally?

01 July 2010 Take trial with opening balance and verify with groupings detail and schedules.

01 July 2010 TAKE OPENING TRIAL AND LAST FINAL BALANCE SHEET AND MATCH FIGURE OF TRIAL BALANCE FROM SCHEDULES AND GROUPING OF BALANCE SHEET.




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