Audit of Trade Receivable

Auditing

What is meant by Current Year Ageing schedule

Surya Prakash

CA Final

★ 19K+

20-Oct-21 20:44

551

Answers (1)

For example you are conducting an audit of a company of FY 20_21 usually we audit the book of that company in the year 2021 in the month of august or September, so while doing ageing of debtors or trade receivables we check the balance of debtors weâ??re received after the audit period that is After 31/03/2021 till the audit date we check any amount o/s as on the date received and we check the trend of trade receivables and calculate the percentage of ageing for the audited year

ravi teja

CA Inter

★ 660

21-Oct-21 02:40