There are several Mistakes in the Umer & Brothers (Pvt.) Ltd. Trial Balance. You are requested to identify Errors and make corrected Trial Balance? S. No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Heads of Accounts Umer Owner Equity Umer Drawings Equipments Sales Due from Customers Purchases Purchase Return Bank Loan Creditors Taxes Cash in Hand Note Payable Inventory Repair Return Inward Total Ref Debit 560 2.850 1.260 364 528 720 226 680 461 Rs. 7,649 Credit 1.551 2.850 530 996 264 98 Rs. 6,289

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Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.