| Direct Expenses |
| ** Expenses vouching |
| ** Expenses for Fuel consumption |
| ** Freight and forwarding Expens analysis – relating to RM |
| ** Cut off procedure |
| ** Variance analysis |
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| Indirect Expenses analysis and vouching |
| ** Cut off procedure |
| ** Variance analysis |
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| Persoanl Expenses of Director |
| *Travelling Exp and conveyance ledger analysis |
| * Foreigin Tour Ledger Analysis |
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| Capitalization of freight and custom duty |
| for Import Machinery |
| * Freight ledger analysis |
| *Machinery Ledger Analysis |
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| Prior Period Transaction Verfication– Cut off procedure (Expenses and Incomes) |
| **Analysis of Cash ledger |
| ** Find out the expenses in cash book which are relating to previous financial year |
| ** Purchase account analysis |
| ** Stock ledger and GRN analysis |
|
| Prepaid Amount Verification |
| ** Prepaid expenses calculation sheet |
| ** Ledger analysis |
| **Freight |
| **Custome Duty |
| **Any other Expenses |
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| Revenue / Capital Expense analysis |
| ** Find out the freight and other expenses for capital goods in profit and loss account . |
| ** Find out the revenue expenses have been debited in the Asset account |
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| The following ledgers can be taken for analysis |
| ** Freight ledgers |
| ** Custom duty account |
| ** Prepayment custom duty account |
| ** Asset repair and maintenance expenses |
| ** Asset account and other assets account. |
|
| ** Finally capitalize all the expenses in the PL which are relating to capital nature |
| ** Finally decapitalize all the expenses in asset account which are relating to revenue nature |
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| Electricity Expenses |
| ** Monthwise breakup for all payments |
| ** Check whether there is any interest receivable for deposits |
| ** Check whether there is any deposit adjustment during the year for the current year consumption. |
| ** Match with TDS receivable certificates and for Interest receipt for the interest from electricity board |
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| Royalty Calculation and Agreement Verification |
| * Net Sales to be consider for calculation |
| * Net sales excludes of Taxes and import component of RM and freight and Sales return. |
| * TDS |
| *Payment of TDS and Service tax to be verified |
| *Check RBI cess on gross royalty and taking the servie tax credit |
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| Financial Charges |
| ** Break up of Expenses and detailed interest calculation Workings |
| ** Wheather any default in repayment of interest |
| ** Check whether provision for March in the OD account |
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