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What other services can external auditors provide for their client apart from auditing their final account of their client?
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What is government auditing?
Government audit is process of auditing of government organization's account by government auditors. Government auditing is carried out to assess the performance of public accountability by government entities.
Is fees earned an asset?
The Fees Earned account is most commonly used in the services industry, where it contains billings for such services as tax consulting, auditing fees, and general consulting.
Distinguish between Current account and capital account?
A current account is the balance of net transfers, trade in goods, net investment income from external assets and trade in services. A capital account shows the outflows and inflows of different forms of capital.
Best Auditing firms in Dubai?
DA Accounting & Bookkeeping Services LLC, one of the best accounting and bookkeeping services in UAE. Our accounting and auditing services in Dubai and the United Arab Emirates have been planned, devised, and implemented to provide you with the most frictionless financial management experience possible. CDA's outsourced financial services take a holistic approach to business, taking into account all aspects of the organisation and understanding the ramifications of each business action in order to improve future performance
Where auditing ends investigation begins. Explain this statement?
Auditing investigates account details, bookkeeping methods, procedures, and practices. If any irregularities or suspicious situations are noted an investigation may be recommended.
What is the different between accouting and auditing?
Accounting means recording the day to day transactions into books of account, whereas auditing means verification or checking the accounts already recorded and certifying if they are prompt and correct.
Services rendered in accounting is what account?
revenue account
When services are sold on account?
Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed
How can you stop your Gmail account?
You can delete you Gmail account by Going to Google, Clicking on "Account Settings", Then Clicking on "Edit Services" and then Selecting, "Delete my account and all services associated with it".
How do you cancel an Gmail account?
You can delete you Gmail account by Going to Google, Clicking on "Account Settings", Then Clicking on "Edit Services" and then Selecting, "Delete my account and all services associated with it".
What is an intentional mistake in the account balance called?
However, if this mistake was intentional (i.e., the client failed to record the sale on purpose), auditors refer to the mistake as a fraud.
What account are affected when services are sold on account?
sales and accts. receivable
