Types of Working Capital

The working capital in a certain enterprise may be classified into the following types. Initial working capitalRegular working capitalFluctuating working capitalReserve margin working capitalPermanent and…

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Fund Flow Statement

What is Fund Flow Statement? The funds-flow-statement is a report on financial operations changes, flow or movements during the period. It is a statement which…

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Ratio Analysis

What is Ratio Analysis? Ratio analysis refers to the study of various financial ratios to evaluate the performance of the firm. The utility of ratio…

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Vouching

What is Vouching? Vouching means inspection by an auditor of documentary evidence supporting & substantiating transactions. Vouching is the process of checking documentary evidence that…

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Audit Working Papers

What is Working Papers? SA 230 on "Documentation" refers to working papers prepared or obtained by the auditor & retained by him in connection with…

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Audit Report

These reports form the medium of communication of the auditor's views to the members of the company. Contents of Audit Report The basic contents of…

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Valuation of Assets

Valuation is not merely the determination of values of the assets as appearing in the balance sheet but it also the critical examination of these…

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Auditor

What is Auditor? An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a…

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