The complete audit of such a concern as is represented in the typical trial balance shown in Chapter XXV (Analysis Of A Typical Trial Balance. Section 180. Clean Bookkeeping) would include a verification of the following classes of accounts:

Cash Receipts

Cash Disbursements

Real Estate Owned

Mortgages Receivable, Principal, and Interest



Sundry Debtors

Capital Stock

Treasury Stock

Trustees' Accounts

Mortgages Payable, Principal, and Interest

Contracts Payable

Bills Payable

Sundry Creditors

Purchase Accounts

Unpaid Dividends


Reserve Accounts

Reserve Profits

Profit and Loss Account

Branch Offices


(a) Earned Profits

(b) Profits in Reserve

(c) Cost of Unsold Lots

(d) Condition of Open Contracts