USING TALLY DATA FOR FURTHER ANALYSIS         The data and various reports generated by Tally can be

[wp_ad_camp_1] AUDIT AREA: – SUNDRY DEBTORS AND CREDITORS Debtors and creditors is most important part of every organization OBJECTIVE: –

AUDIT AREA: – INVENTORY OBJECTIVE: – Risks Ø To eliminate the risk of Inventory records may not be complete Ø

1.         Debit balance in the Directors Account which will be considered as deemed dividend             a.         Open the directors ledger

1.Loans from interested parties   Refer item No. 4 above. 2 Related party transactions 3.Timely payment of Provident Fund Dues

1. Method of Stock Valuation and effect of change in the valuation  a) To use this feature, we need to

USING TALLY The following are the various features that can be utilised for Tax Audit, Company Audit, Transfer Pricing Audit