Test for the Balance in the Book at Kalpita Traders Katiya on 31 March 2019:

Assets:

1. Cash in Hand: The balance in the cash register or any cash kept on the premises of Kalpita Traders Katiya. The amount is 28,400.

2. Cash in Bank: The balance of cash held in the bank account of Kalpita Traders Katiya. The amount is 2,200.

3. Stock: The value of goods or merchandise held for sale by Kalpita Traders Katiya. The amount is 31,200.

4. Furniture: The value of furniture and fixtures owned by Kalpita Traders Katiya. The amount is 7,500.

5. Debtors: The amount owed to Kalpita Traders Katiya by its customers who have purchased goods on credit. The amount is 24,000.

Liabilities:

1. Creditors: The amount owed by Kalpita Traders Katiya to its suppliers for goods purchased on credit. The amount is 7,000.

2. Loan from Bank: The amount borrowed by Kalpita Traders Katiya from a bank. The amount is 10,000.

Explanation of Auditing and Secretarial Practice:

Auditing: Auditing is the systematic examination and verification of a company's financial records to ensure that the financial statements and reports are accurate, reliable, and in accordance with applicable laws and regulations. The auditor examines the financial transactions, records, and statements of the company to provide an independent opinion on their fairness and compliance with accounting principles.

The primary objectives of auditing are to detect and prevent fraud, assess the internal control system, provide assurance to stakeholders, and ensure compliance with legal and regulatory requirements. Auditors follow standardized procedures and techniques to gather evidence and evaluate the financial information.

Secretarial Practice: Secretarial practice involves the management and administration of a company's corporate affairs, ensuring compliance with legal and regulatory requirements. The company secretary plays a crucial role in ensuring proper corporate governance and maintaining effective communication between the company's management, shareholders, and regulatory authorities.

The responsibilities of a company secretary include ensuring compliance with company laws, maintaining statutory registers and records, convening and conducting meetings, preparing and filing legal documents, managing corporate governance, and providing advice on legal and regulatory matters.

Overall, auditing and secretarial practice are essential for maintaining transparency, accountability, and legal compliance in business operations. They help in safeguarding the interests of stakeholders and ensuring the financial health and integrity of the company.