Dear Members,
While checking the expenses of a company,i have come across the words, 'Bill booked' written behind or on the bill.What does this mean? What are its implications (if any) ?
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Audit query
Replies (7)
As per my knowledge, it must be indicating that the Bill / Invoice has been recorded in the Books of Accounts ie. recorded in the Accounting Software.
It must be just a way to avoid any duplicate entry in the Books of Accounts.
Regards,
Devendra Kulkarni
| Originally posted by : Devendra | ||
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As per my knowledge, it must be indicating that the Bill / Invoice has been recorded in the Books of Accounts ie. recorded in the Accounting Software. It must be just a way to avoid any duplicate entry in the Books of Accounts. Regards, Devendra Kulkarni |
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agreed
Yes I agree with Devendra
Ensure that alongwith 'bill booked' written one reference number should be written e.g it may be voucher no. , (tally), Document no. (SAP) etc..... to trace trasactions easily....
For a better understanding you should ask the accountant of the company instead !!!!
Devendra : Thank you for your rply
Sachin : yes there are voucher no:'s in each case
Roshan : i askd the accountant but received a confusing answer.
bill booked means that bills has been booked in accounts
bill booked means that bills has been booked in accounts
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