how to prepare for an audit?
what are the components of an accounting cycle?
what are the steps needed to control payroll?
what is leadership?
2007-03-17 20:18:15 · 4 answers · asked by thirumal s 1 in Business & Finance ➔ Other - Business & Finance
HOLDING OF CASH-TO MEET UNEXPECTED EXPENSES.
PREPARATION FOR AN AUDIT - ASK IN ADVANCE THE REQUIREMENTS OF AUDITORS LIKE STATEMENT OF ACCOUNTS, BANK RECONCILIATION STATEMENTS, STOCK STATEMENTS, INVENTERY DETAILS, DETAILS OF SUNDRY DEBTORS AND SUNDRY CREDITORS, CALCULATION OF DEPRICIATION, INTEREST ON VAROUS ACCOUNTS, TALYYING OF ACCOUNTS AND BALANCING OF ACCOUNTS. KEEP ALL THE ABOVE AND OTHER SATUTARY REQUIREMENTS READY FOR AUDIT PURPOSE.
COMPONENTS OF ACCOUNTING CYCLE DEPENDS ON
TYPE OF BUSINESS AND USUAL PRACTICES IN THE SAME LINE OF INDUSTRY OR BUSINESS, AVILABILITY OF RAW MATERIALS, SHIPPING SCHEDULES ETC.
NEED FOR CONTROL OF PAYROLL- BEST MANAGEMENT OF THE AVAILABLE HUMAN RESORCES
THROUGH MOTIVATION, PROPER TRAINING, ECONOMY OF EXPENSES THROUGH AUSTERITY MEASURES ETC.
LEADERSHIP- LEADING ALL ( EMPLOYEES AND SUBORDINATES) TO ACHIVE THE OBJECTIVES OF THE CORPORATION OR ORGANISATION IN A CLEAR, FAST, ECONOMICAL METHODS TO SURPASS EARLIER TARGETS AND BECOMING MODEL TO OTHERS IN THE SAME LINE.
2007-03-18 18:38:30 · answer #1 · answered by arpita 3 · 0⤊ 0⤋
5 in 1? You have saved 20 points. Auditor can object for holding so many cash / points.
We hodld cash to pay in emergency. 2nd party may not be accpeting Cash, cheque, DD, Cr. Card, Pro Note. All are ready to anything / undress after holding cash.
If you want to be leader, be big, big in any matter. Telling best jokes can make you leader. Giving best answers is also leadership.
2007-03-17 21:52:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
With the main question and additional details, you appear to have dumped your entire assignment for Yahoo!Answers. You should refer to some good books in accounting and management for in depth details.
2007-03-17 20:39:43 · answer #3 · answered by helpaneed 7 · 0⤊ 2⤋
because we have not credit card.
2007-03-18 01:52:44 · answer #4 · answered by khuranapvp 3 · 0⤊ 0⤋