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Friday, 27 May 2011

Advantages of Routine Checking

Advantages of Routine Checking

1. Accuracy
The benefit of routine checking is that there is accuracy of accounting books and records. The sub-total, casts and carry forward posting, balancing and transfer are stated as correct.

2. Frauds
Routine checking is useful to checking fraud in the books of accounts. The responsibility lies on the head of management for location of fraud. The management can use this tool to meet its duty.

3. Positive Verification
Routine checking helps to verify positive made in the ledger. The correct posting can provide true and fair view of financial statements. The management can verify posting through it.

4. No Change in Figures
Routine checking is useful to eliminate the alternation of figures. The management can meet its obligation with the help of routine checking. The employees cannot alter figures.

5. Final Checking
The benefit of routine checking is that final checking work is reduced. The final checking become early as major work has already been completed through routine checking.

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