AUDIT OF STATIONARY ARTICLES TOO FOUND NECESSARY BY THE OFFICE AS LOCAL PURCHASE ALLOWED IF NECESSARY

SUPPLY AND SERVICES :-- The Office work is essential hence the proposed period of one year would suffice particularly as a complete account of receipt and the issue of stationary articles required to be maintained in the stock Register, which is proposed to be preserved for at least five years. This period is necessary to facilitate Audit of the local purchase transactions, during the course of local Audit. Since the register will also include the stocks purchased locally and since Audit must satisfy itself that the local purchases made have, in fast , been brought into the stock Register. The register must be maintained for five years ( counted from the date of the last entry ) which is generally the maximum interval between two successive local audits of an organisation . When a stock Register is closed and a new one opened, entries regarding the closing balances should be carried forward to the new Register When a stock Register is closed and a new one opened entries regarding closing balances should be carried forward to the new Register. The process of the entries receipt and issues must be brought to the notice of the head of the branch by the clerk maintaining the register of the office stock / Stationary articles.

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