Auditing Theory and Practice: General principles

accounting practice accounts payable accounts receivable accrued actual amount appear ascertain balance sheet audit bank bankers basis bonds book value capital stock capital surplus carried cash book cent certified charged cheques client concern contracts controlling account corporation cost or market creditors current assets current liabilities customers debtors December 31 deducted depreciation depreciation reserve discount dividends earnings errors examination expenses fact fixed assets fraud fund good-will gross important included income account interest inventory investment invoices ledger less liabilities loss manufacturing market prices ment merchandise method mortgage net income notes receivable operations paid payable payment period plant possible preferred stock professional auditor profits proper purchase quantities realized reason records reserve rule securities selling shown sold statement stockholders subsidiary surplus term thereof tion transactions treasury stock trial balance unless usually valuation verify vouchers