excess of cash payment of RS20000
This query is : Resolved
26 September 2010
how can we distinguish between bearer cheque And account payee cheque from bank statement?can't we check whether bank has mentioned the word CLG that is clearing?
26 September 2010
ITS NOT POSSIBLE TO CHECK WHETHER CLIENT HAS ISSUED ALL CHEQUE AS ACCOUNT PAYEE CHEQUE
26 September 2010
Agreed, It is not possible at the time of audit whether payment is made through bearer cheque or cross check.
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