Hemant khedekar

Performed Receivable audit of Courier Company :

• Learnt about ageing of debtors of company
• classification of receivables based of days outstanding
• Inquiry with client accountant regarding period of bad debts ( i.e after what period they classified debtors as bad debts )

Performed stock audit of Steel Manufacturing Company :

• Learnt about application of various methods of stock valuation viz FIFO, LIFO, Weighted Avg
• Enquired clients accountant about considerations before choosing method of stock valuation
• Learnt how entries are passed into stock ledger
• Performed physical verification of stocks at client factories
• Discussed with enterprise owner about method of valuation
• Discussed criteria for classifying stocks as obsolete

• Performed accounting entries in tally learnt to give effect of transactions type such as contra entries
• Performed tax audit :
• Learnt application of TDS audit provision in practical business scenario
• Audited books of accounts at client place to verify authenticity of transaction entered in books
• Dealt with clients accountants asking question about method of accounting & data entry
• Verified entries for tax deducted at source
• Learnt about handling income tax india websites ( eg : generating TDS certificates from clients registered income tax accounts
• Learnt various uses & applications of PAN