Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You have been engaged internal auditor by the management of Alden proprietary limited to review its internal control over the purchases, receipt, storage and issue of raw material. You have prepared the following comments which describe Alden's procedure:
1. They are no perpetual records; hence the store room clerks do not keep records of goods received or issued. To compensate for the perpetual records, a physical inventory count is taken monthly by storeroom clerks who are well supervised. Appropriate procedures are followed in making the inventory counts.
2. When ordered material arrives at Alden, they are received by store room clerks. The clerks count the merchandise and agree the counts to supplier's delivery docket. All suppliers' delivery dockets are initialled, dated and filled in the store room to serve as receiving report.
Required:
Describe the weakness in internal control and recommended improvements of Alden's procedure for the purchase, receipt, storage and issues raw material. Organise your answer with following headings:
Weakness, recommended improvement.
Q. What is Intangible Assets? Intangible Assets are items likecopyrights, patents, licenses, trademarks, franchises andother kinds of rights or things of value to a company tha
is exploration cost for mining companies regarded as assets or expense?
how the minority interest will be calculated?
Derivative instrument is an asset which develops i.e. takes its origin from another asset. The simplest form of derivative is a forward contract, "It is an agreement to buy or s
does immaterial items have to be recorded
Accounting concepts are used in relation to accounting procedures for a specific business enterprise. Some of these are: Going concern Verifiable
The organization's name is Coffee Affectionardo Pty Ltd and the company imports and sell various types of coffee machines, grinders, filters and beans. The business has two dir
Q. Procedure of recording business transactions? The raw information of accounting is the business transactions. We documented the transactions in section 1 as increases or dec
Hi I need a quote for an assingment. How do I submit it to you?
procedure followed in government system of accounting in india
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd