By Hasaan Fazal on November 9, 2012
A credit note is a source document providing evidence that a credit entry has been made in the financial records for specific reason which is explained on the face of this business document. Credit note is also known as credit memo or credit memorandum as it only notifies about the entry made in the financial […]
Posted in ACCA, ACCA - F3, ACCA - F8, Accounts & Ledgers, Accruals and Prepayments, Audit Documentation, Audit Evidence, Audit Evidence - Substantive Procedures, CA, CAT, CAT - T1, CAT - T3, CAT - T6, CAT - T8, Control Accounts, FA1, FA2, FAU, FFA, FIA, Financial Account Basics, Financial Accounting, IAS 2, Introduction to Auditing - Basics, Inventory, Module B, Module C, Rectification of Errors, Sales Tax, Single Entry and Incomplete Records, Source Documents & Books of Original Entry |
By Hasaan Fazal on November 4, 2012
In the business world buyers and sellers interact to exchange goods and services and other transactions like payment. A diligent accountant keeps the record of all such important transactions about which users must be informed. However, to have the information reliable the recording of such transaction is controlled by source documents. Source document is basically […]
Posted in ACCA, ACCA - F3, Accounting Concepts & Conventions, Accounts & Ledgers, Accounts & Ledgers, Accruals and Prepayments, Audit Evidence, Audit Evidence - Substantive Procedures, Audit Evidence - Tests of Controls, Audit Planning, Audit Risk Assessment, Books of Prime Entry (Journals), CA, CAT - T1, CAT - T3, Control Accounts, FA1, FA2, FIA, Financial Account Basics, Financial Accounting, Module B, Module C |
