Methods in Vouching

Only available on StudyMode
  • Download(s) : 1007
  • Published : January 16, 2013
Open Document
Text Preview
TYBcom-Year 2012-13
Assignment 2- Total 10 Marks Marks for each topic Topics
I) AUDITING 5)
1 (a) Explain how would you vouch
Scrap Sales
1 (b) How would you verify
Book Debts /Debtors-1,11,21,31,41,51,61,71,81,91
301,291,281,271,261,251

2 (a) Explain how would you vouch
Sale on Approval/Sale on Consignment
2 (b) How would you verify
Stocks-101,111,121,131,141,151,161,10,20,30
241,231,221,211,201,191,181,171

3 (a) Explain how would you vouch
Sales return/Purchase return
3 (b) How would you verify
Patterns, Dies Loose Tools and spare parts-2,12,22,32,42,52,62,72,82,92 300,290,280,270,260,250

4 (a) Explain how would you vouch
Rent Received and Royalty Income
4 (b) How would you verify
Empties & Containers-102,112,122,132,142,152,162,40,50,60 240,230,220,210,200,190,180,302,292

5 (a) Explain how would you vouch
Cash and Credit Purchase
5 (b) How would you verify
Quoted and Unquoted Investments-3,13,23,33,43,53,63,73,83,93

299,289,279,269,259,249
6 (a) Explain how would you vouch
Wages & Salaries
6(b) How would you verify
Trade Marks and Copyrights-103,113,123,133,143,153,163,70,80,90 239,229,219,209,199,189,179,282,272,262

7 (a) Explain how would you vouch
Commission paid
7(b) How would you verify
Patents & Know-how-4,14,24,34,44,54,64,74,84,94
308,298,288,278,268,258,248

8 (a) Explain how would you vouch
Interest Paid
8(b) How would you verify
Plant and Machinery-104,114,124,134,144,154,164,100,109,119
238,228,218,208,198,188,178,252,242,233

9 (a) Explain how would you vouch
Insurance Premium and Postage & Courier
9(b) How would you verify
Land and Building-5,15,25,35,45,55,65,75,85,95
307,297,287,277,267,257,247

10 (a) Explain how would you vouch
Cash and Credit Sales
10(b) How would you verify
Furniture & Fixtures-105,115,125,135,145,155,165,110,120,129 237,227,217,207,197,187,177,172,232,223,213

11 (a) Explain how would you vouch
Bad Debts recovered
11(b) How would you verify
Outstanding Expenses/Provisions-6,16,26,36,46,56,66,76,86,96 306,296,286,276,266,256,246

12 (a) Explain how would you vouch
Dividend and Interest Received
12(b) How would you verify
Bill Payable-106,116,126,136,146,156,166,130,139,149
236,226,216,206,196,186,176,222,212,203

13 (a) Explain how would you vouch
Rent Paid and Advertisement Expense
13(b) How would you verify
Secured Loans-7,17,27,37,47,57,67,77,87,97
305,295,285,275,265,255,245

14 (a) Explain how would you vouch
Petty Cash Expenses
14(b) How would you verify
Unsecured Loans-107,117,127,137,147,157,167,140,150,159
235,225,215,205,195,185,175,202,193,183

15 (a) Explain how would you vouch
Travelling salesman commission and expenses-
15(b) How would you verify
Contingent Liabilities-8,18,28,38,48,58,68,78,88,98
304,294,284,274,264,254,244

16 (a) Define vouching what is the objective and importance of vouching- 16(b) What is verification and essential points to be considered for verification. - 108,118,128,138,148,158,168,160,169,170 234,224,214,204,194,184,174,192,182,173

17 (a) What are the points to be considered for vouching-
17(b) Distinguish between vouching and verification-
9,19,29,39,49,59,69,79,89,99
303,293,283,273,263,253,243

II) COSTING 5)
1) Explain the terms- (a) Contract (b) Contractor (c) Work Certified and (d) Work Uncertified- 301,291,281,271,261,251
9,19,29,39,49,59,69,79,89,99

2) Describe the industries where Contract Costing is applicable 241,231,221,211,201,191,181,171 108,118,128,138,148,158,168,160,169,170

3) Explain the costing procedure applied when a Contract is completed within an accounting year 300,290,280,270,260,250
8,18,28,38,48,58,68,78,88,98

4) (a) Why is it necessary to open a separate Account for each Contract? (b) Describe the procedure for recording the different costs pertaining to a contract....
tracking img