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Thursday 14 February 2013

Information That Are Not Clear For UBS Project November 2012 Nov Session


Information that not clear for UBS project November 2012 session is like sales and purchase

Invoice not properly have and it’s like lack of information about their debtor and creditor ,because its does not show a good records of debtor and creditor . their transaction is on monthly basis so its  didn't show records according to date .Not only that the company that we find didn’t have actual receipt of any expenses that they made like any purchase that they made ,and when the owner take money from their profit but they didn't record that as their  drawing ,so it will be misstatement in our  accounting term like for example business and the owner is a different entity can be same ,because of that we having problem like their profit or loss cannot be calculated correctly .

The company didn't have a accurate amount of worker and their amount of salary is different every month ,so it make a difficulty that we need to find the actual amount of salary that they made and its make that we need to calculate every month their salary ,The company also does not have actual payment voucher of salary that they are made.

Not only that ,company also doesn't have a correct amount for their utility ,because when we interview that  company owner says that their rental is including with utilities ,.no any receipt or transaction or any letter about that particular transaction ,

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