INTERNAL CONTROL – Kinds of Internal Control – Methods of Evaluating Internal Control System

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Kinds of Internal Control The type of internal control system to be employed in an organization depends upon the requirements and nature of the business. Generally, there are three types of Internal Control in an organisation preventive control, detective control and corrective control. These types of controls are essential for an effective internal control system. […]

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INTERNAL CONTROL – Principles of Good Internal Control System

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Principles of Good Internal Control System An effective or good system of internal control should have the following principles: 1. Well-designed Accounting System: Internal control should provide for a well designed accounting system. The f inancial and accounting activities must be separated. For example, person who is responsible in handling cash (cashier) and the person […]

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INTERNAL CONTROL – Advantages of Internal Control – Disadvantages of Internal Control

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Advantages of Internal Control An audit control system can give the following advantages: 1. Detection of Errors and Frauds: Internal control systems are structured in such a way that work done by one employee in a process is checked by another without knowledge of the former. In such an environment, any fraud committed is brought […]

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INTERNAL CONTROL – Introduction of Internal control, Meaning of Internal control, Definition of Internal control, Objectives of Internal control

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INTERNAL CONTROL Introduction of Internal control Internal control is the overall control environment established by management of an enterprise for effective and efficient monitoring and control of its operations. It aims at adherence to management policies, safeguarding of assets of the enterprise, proper accounting and record of the business transactions. Internal check and internal control […]

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Current Affairs 22 January 2021

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Daily CA One Liner – 22 January 2021. * C Ronaldo Became The Leading Goalscorer Officially In The History Of Football (760 Goals) * Malayalam Actor Unnikrishnan Namboothiri Passes Away Recently * Unnikrishnan Namboothiri Made His Acting Debut With Desadanam 1996 * Hungary Becomes 1st EU Nation To Approve Russia’s Sputnik V Vaccine * Rahmanullah […]

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Geographic Information System- what is meaning of Geographic Information System- what is an explain Geographic Information System- what is purposes GIS- what is Generation of the computers

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The Geographic information systems have emerged in the past two decades as an essential tool for urban and resource planning and management. It includes the functions of data entry, data display, data management,information retrieval and analysis. While GIS deals with entire geography of the earth including land, ocean and atmosphere, the art, science and technology […]

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Internal Check Trading Transactions – Internal Check-Sales Returns, Internal Check-Sales

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Internal Check-Sales Sales are the most important source of revenue in a business and hence the possibilities of errors and frauds taking place are greater. Frauds maybe committed in the following ways: • Sales may be omitted from recording in the sales book. • Fictitious sales may be accounted. • Sale of fixed assets may […]

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Internal Check Trading Transactions – Internal Check Purchases – Internal Check Purchase Returns – Auditing

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Internal Check Purchases The following system of internal check may be adopted as regards purchases. 1. A purchase department should supervise and control the entire purchase transactions of the organisation. 2. The procedure for purchases should start with issuing purchase requisition, making enquiry about the terms and conditions of purchases from different suppliers. 3. Purchase […]

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Internal checks – Wages – Maintenance of Wages Records, Preparation of Wage Sheet, Payment of Wages, Auditing

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Internal checks- Wages Wages are very important item of expenditure. The system of internal check for wages should be devised in a planned and careful manner. There are great possibilities of frauds in a concern employing a large number of Time workers. A sound system of internal check for payment of wages may avoid errors […]

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Internal Check – Cash Transactions, Internal Check-Cash Receipts, Internal Check-Cash Payments

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Internal Check – Cash Transactions Checking of all cash transactions should be given utmost importance because employees tend to involve in fraudulent activities by misappropriating cash and manipulating accounts in an organistion. Hence, the auditor should verify the system of internal check in operation with regard to cash receipts and cash payments, which is explained […]

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Internal Check – Objectives of Internal Check, Advantages of Internal Check, Disadvantages of Internal Check, Duties of an auditor with Regards to Internal Check System

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Objectives of Internal Check The objectives of internal check are as follows: 1. Early Detection of Errors and Frauds: The main objective of internal check is to detect and prevent the occurrence of errors and frauds at an early stage. This is possible as the work of each and every person is independently checked 2. […]

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INTERNAL CHECK – Introduction Of Internal Check, Meaning Of Internal Check, Definition Of Internal Check, Principles (or) Features of Good Internal Check System

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INTERNAL CHECK Introduction In business concerns there are chances of misapporopriation and manipulation of accounts. In order to overcome such irregularities and to prevent or minimise the occurrence of errors and frauds, a checking system is designed to have a check on the irregularities. Such a check which operates continuously as part of the routine […]

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Remote sensing platform- what is senior platform – what is remote remote sensing platform and type – what is ground based platform- where is remote sensing uses- what is Ground borne platform- what is Air borne platform

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Remote sensing platform The platform is a stage to mount the camera or sensor to acquire the information about a target under investigation. Based on the altitude above the earth surface, the platform can be classified as Ground borne platform, Air borne platform and Space borne platform. Ground borne platform Ground based platforms sensors may […]

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What is Classification of remote sensing- what is the difference between an active sensor and a passive sensor – which of following is a passive as opposed to active remote sensor- what is active sensor in remote sensing

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solar sensors can only capture data during daylight hours. Active sensors are different from passive sensors. Unlike passive sensors, active sensors require the energy source to come from within the sensor. A laser-beam remote sensing system is an active sensor that sends out a beam of light with a known wavelength and frequency. This beam […]

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One day CM in Uttarakhand, Shristi Goswami CM of Uttarakhand on January 24,One Day CM, One day CM in india

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In Tamilnadu 1999 Mudhalvan Movie Released. A reporter accepts a challenge from the CM to be in power for a day. He rapidly goes about punishing and arresting corrupt officials and politicians, including the CM. Then, he faces the consequences.The Box office hit concept is going to be a real one. Haridwar-based Shristi Goswami (19) […]

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Remote sensing- what are remote sensing tools – what is Energy Source and example – what is Radiation and the Atmosphere – what is Interaction with the target – what is Recording of energy by the sensor – what is Transmission, Reception and Processing – what is Image Restoration – what is Image Enhancement – what is Interpretation and Analysis- Further it depends on the following aspects

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Remote sensing is an integrated discipline encompassing some branches of arts, science and technology of collecting information about the terrestrial objects using camera and sensor system. Elements of Remote Sensing 1. Energy Source The primary requirement for remote sensing is to have an energy service, which provides electromagnetic energy to the target of interest. The […]

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Geoinformatics- what do you mean by Geoinformatics- introduction of Geoinformatics- what is Geoinformatics space

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Introduction Geoinformatics is the integration of remote sensing, Global Navigation Satellite System and Geographic Information System dealing with spatial information. Th e advent of remote sensing, Global Navigation Satellite System and Geographic Information System has made signifi cant changes in surveying and map making. A basic understanding of these components is crucial for carrying out […]

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Geopolitics: Global Strategic views- who rules the world – who Democratic die – what is Geopolitics – what is Geopolitical factors- who have the Geopolitical concept – what is example of buffer state – what is good Influence-

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Geopolitics: Global Strategic views The study of the way a country’s size, position, etc, influence its power and its relationships with other countries. Political activity is influenced by the physical features of a country or area of the world. Geo politics is concerned with how geographical factors including territory, population, strategic location, and natural resources […]

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Frontiers and Boundaries- what is Frontiers – what is example Frontiers – How are different Frontiers and Boundaries- what are some examples of geometric boundaries- Types of Boundaries- who gave Genetic Classification of Boundaries- what is a genetic classification

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Frontiers: International frontiers and boundaries separate land, rivers and lakes subject to different sovereignties. In 1900 frontiers had almost disappeared and had been replaced by boundaries that are lines. A Frontier is a politico geographical area, lying beyond defined borders of a political unit into which expansion could take place. Boundaries: A boundary is a […]

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