MONDAY-16/11/2009

1) Auditing
- Audit should be done in every year of the ending accounting period of the
client. I do the vouching of general sales and purchases. In this vouching, I
learned that we must select the higher amount of purchases and sales.
It is because this higher amount of sales and purchases we need to check back
it source document such as invoices, payment voucher, journal voucher for
payment made by cash and many more of source document. This source document is
to make sure whether is it corect the total amount of purchased. Such as if we
do the vouching of purchases we need to open the creditors files. The creditors
files of the client follow the date of the accounting period such as 1/1/2009
until 31/12/2009. So we need to open the creditors file of the client back
from the date of accounting 1/1/2009 until 31/12/2009 to check the selected of
the highest amount of purchases that the client's purchased. Every highest
invoice i have to tick it by green pen only because this is the audit work.
I have to tick at the creditors of the client address, amount and the date of
purchased.