Account opening in bank

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Querist : Anonymous

Querist : Anonymous (Querist)

08 October 2014 one school is opened SB account in bank. so what are things i have to see?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 October 2014 as an auditor, look at the payments made, and credits received, ensure that they have been properly reflected in the books of accounts of the school. Carry out the bank reconciliation between books and the bank statement to identify the differences, if any, in bank statement and bank book as per the school