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excess of cash payment of RS20000

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(Querist)
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?
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CA Navin Jain

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CA Navin Jain (Expert)
26 September 2010 ITS NOT POSSIBLE TO CHECK WHETHER CLIENT HAS ISSUED ALL CHEQUE AS ACCOUNT PAYEE CHEQUE
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
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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