when assets opening balance available on 10cr and additional assets purchased for this year 10 cr and year and balance 20.
my issue is that balance in check in audit then this includes in vouching or verification of assets..
2 Replies
ALAMELU.N.N
(student)
(258 Points)
Replied 10 April 2022
If you are doing for company then physical verification is mandatory. However it is to be done by the client and you need to verify the records to ensure its correctness. You need to check vouchers of the assets acquired in current year to ascertain ownership, period, value et
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