POINTS TO BE CONSIDERED IN VERIFICATION. Points To Be Considered While Shortlisting A BBA College In India by jgbschool: 11:33am On May 18, 2020; After qualifying 10+2, you turn out to be sincere enough to understand the characteristics of a good college. Cash Received from Debtors: Points to be considered for vouching the cash received transactions-Actual date and time of cash received should be entered. Statutory Requirments to follow while conducting Statutory Audit . 2. Loan Repayment: The following points should be considered: Name of the party or client mentioned in the voucher. Subscriptions are received from the members of a club and the following points need to be considered by the Auditor while vouching subscription − Subscription register should be verified. The points stated hereunder are to be considered at the first place while checking vouchers: It should be duly authorized by the stipulated signatory. Counterfoil of … 3. Verification of subscription received during the year and the subscription receivable. Points are prepaid interest and may be deductible as home mortgage interest, if you itemize deductions on Schedule A (Form 1040), Itemized Deductions. Points may also be called loan origination fees, maximum loan charges, loan discount, or discount points. While vouching, an auditor should compare entries with related vouchers and ascertain the genuineness and validity of voucher. It belongs to the business entity. This article throws light on the twenty two points to be considered by the researcher while organizing a questionnaire, i.e , (1) Importance of the Problem Under Study or the Formulation of the Problem, (2) The Type of Information Required, (3) Securing Help from the People who Possess the Experience in the Related Field, (4) Thorough Knowledge about his Hypothesis and Others. Existence: The auditor should confirm that all the assets of the company physically exist on the date of balance sheet. VOUCHING OF POSTAGE :-Vouching of postage is also very essential. Factors To Be Considered While Vouching Vouching helps to prove the truth and fairness of account by detecting errors and frauds. POINTS TO BE CONSIDERED WHILE VOUCHING:- following points must be considered while vouching:-The name of the party to whom the voucher is addressed. 2. When I am searching in CA Club for audit checklist. It should be complete. Verification of subscription received during the year and the subscription receivable. Following points should be considered in this case : 1. Signed copies should be compared with the telegram receipts. Ans. The responsible authority should accredit any discount allowed to the customers. Date of the voucher. The term points is used to describe certain charges paid to obtain a home mortgage. 3. Letters or packet sent by … While conducting verification following points should be considered by the auditor:-1. 4. State the important points to be considered while examining the vouchers (or while vouching). So, while conducting the test of vouchers, following factors are to be taken into consideration: Q. 2. Cost of postage book should be checked. Friends the following points are the compilation of many great writers (Including Ankur Garg Bhaiya). Subscriptions are received from the members of a club and the following points need to be considered by the Auditor while vouching subscription − Subscription register should be verified. It got very difficult for me to find all the requirements at one place. Possession: The auditor has to verify that the assets are in the possession of the company on the date of balance sheet.