We have already discussed about purpose and objectives of Routine Checking. In this article we will go through some merits and demerits of Routine Checking.
Purpose of Routine Checking
- Making totals and sub-totals of primary books of accounts, carrying them forward to the next page, and calculating the balances and their checking.
- Checking of the ledger postings derived from the primary books and journal, and to see whether they are properly done or not.
- To see the totals of debits and-credits of different accounts and their balances.
- To check whether balances of various accounts are properly taken to the Trial Balance, or not.