Dear FRNDS ,
1. Cash Verification :
We should perform the cash verification
It consists of two categories
1. Hand Cash
2. Chest Cash ( Only in case of Large Banks )
First we should check the hand cash before it is handed over to the counter to perform tranactiopns , hand cash means the cash which is with drawn from the chest for performing the transactions . (current Day Transactions )
Next ur supposed to verify the chest cash
1. Check whether the opening balance has been correctly transfered to the next day (i.e. Previous day closing Balance become Current day opening Balance) or not.
2. Total Cash verification i.e. physical verification of cash with books of accounts.
CAclubindia
