Tag Archives: #AccuracyInReporting

What is the purpose of conducting a statutory audit for a Wholesaler?

Audit Date of Employment Agency

Statutory Audit for wholesaler   The purpose of conducting a statutory audit for a wholesaler in India is to ensure financial transparency, regulatory compliance, and accuracy in financial reporting. A statutory audit is a legally required examination of a company’s financial records and statements by an independent auditor. It serves several important purposes: 1. Financial… Read More »

What is the need for preparing for a trial balance?

Preparing trial balance

Need for preparing for a Trial Balance The purpose of preparing a trial balance is to ensure the accuracy of the accounting records by checking whether the total debits equal the total credits. A trial balance is a list of all the accounts in the general ledger along with their debit or credit balances. The… Read More »