CLIENT: BLUESKIES NETWORK SDN. BHD.

BALANCE SHEET DATE : 30/06/2010

NATURE OF W/P : Salary

MONTH

JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER

NO OF STAFF
<B>
2
2
2
2
2
2
2
2
2
2
2
2

As per payroll book

BASIC SALARY

ALLOWANCE

KWSP

TOTAL SALARY
<A>

1,500.00
1,500.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00

1,500.00
1,500.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00
1,600.00

19,000

19,000

19,000

19,000

As per General Ledger

Difference

Summary of Staff as per GL

TOTAL SALARY
Basic salary
Training allowance
Allowances
PCB
EPF & Socso

19,000
19,000

< Note >

AVERAGE STAFF
A/B
750.00
750.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00
800.00

VARIANCE
RM
%
750.00
50.00
750.00
50.00
750.00
50.00
750.00
50.00
750.00
50.00
750.00

###
0.06
-

CLIENT :
BALANCE SHEET DATE :
NATURE OF W/P : EPF REASONABLENESS TEST
w/p
ref

Amount
RM

Total salary as per GL

72,000.00

Add : Bonus, allowances and overtime

16,000.00

Less : portion of salary that not subject to EPF

16,000.00

Balance of salary that subject to EPF

72,000.00

EPF- as per statutory rate (12%)

8,640.00

Variance

>>> under PM

EPF as per general ledger

14,040.00

Conclusion : The difference is due to.

.
As per ledger

EPF
SOCSO
-

CLIENT :
BALANCE SHEET DATE :
NATURE OF W/P : Directors' Emoluments

w/p
ref

Salary
RM

Bonus
RM

EPF
RM

Allowance
RM

Attendance
RM

Directors' fee

RM

Total
RM

10,000.00

Che Wan Saridah

5,000.00

Zainab

5,000.00

10,000.00
5,000.00
5,000.00

20,000.00

20,000.00

1)

Abd. Haffidz

2)
3)

Balance as per payroll summary

Variance

Balance as per GL

FINDING:
Amounts are properly stated in the accounts.

CLIENT :
BALANCE SHEET DATE :
NATURE OF W/P : Payroll transaction test
Name of employee

/
t
Ob
P
L

Designation

Salary

Casting cheked
Vouched to time card
Observation
Vouched to personal file
Vouched to general ledger

Bonus/OT

EPF

Socso

Workdone (Vouch to)

CLIENT:
BALANCE SHEET DATE :
NATURE OF W/P : Purchases

Objectives:

To ensure that purchases are properly accounted for and

not materially overstated for the year end

Source:

General ledger via purchase day book

Basis of selection :

Randomly select two payment voucher / packet for every month

Population:

Payment paid and purchase order issued during the year

(if the company have different code series)
obtain all the numbers which to know the total number of order made and
purchase transaction incurred during the year

CLIENT:
BALANCE SHEET DATE :
NATURE OF W/P : Purchases vouching
Suppliers
No.

Purchase Order
Date

No.

Payment Voucher
Date

Purchase ledger

Workdone:
/
C
Pv
Do
L

Casting cheked
Confirmation requested
Vouched to authorised payment voucher
Vouched to delivery order matched to payment made
Vouched to general ledger

Creditor ledger
Date

Payment
Cheque no.

RM

Workdone
(vouch to)