routine checking

Routine Checking – Merits and Demerits

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

  1. Making totals and sub-totals of primary books of accounts, carrying them forward to the next page, and calculating the balances and their checking.
  2. Checking of the ledger postings derived from the primary books and journal, and to see whether they are properly done or not.
  3. To see the totals of debits and-credits of different accounts and their balances.
  4. To check whether balances of various accounts are properly taken to the Trial Balance, or not.

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Routine Checking – Purpose and Objectives

Routine Checking

Whether a business is big or small, the record of its daily transactions is kept in the books of accounts. The daily checking of these books of accounts under audit is called Routine Checking. Usually, this work is done by the junior staff of the auditor.

Merits and Demerits of Routine Checking are also discussed in later articles.

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