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Departmental accounting means account prepared separately for the department and here ledgers will be opened trial balance will be prepared, also p&l account will be prepared, and profit or loss is included in the main p&l account and shown in the balance sheet.

• What is an audit process?

• What is statutory audit?

• What do you mean by vouching?

• Explain the Before an audit processes?

• What techniques used during an audit?

• What to do after the audit?

• How to involve people in audit?

• Explain The Difference Between Internal Audit And External Audit?

• How Does An Internal Audit Differ From An External Audit?

• What are Objectives Of Internal Audit?