how to do bank vouching i.e. receipt andpayment and contra both .plz help me.
akash patni (industry) (74 Points)
22 February 2009how to do bank vouching i.e. receipt andpayment and contra both .plz help me.
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 22 February 2009
| Originally posted by :akash patni | ||
| " | how to do bank vouching i.e. receipt andpayment and contra both .plz help me. | " |
Just check day book and vouchers
akash patni
(industry)
(74 Points)
Replied 22 February 2009
i want to know that shuld it be checked from bank statement like receipt . because in receipt they r just maintaining vouchers no supporting in this regard.
LAXMIKANT JAIPURKAR
(Practicing Company Secretary/Tax Consultant)
(403 Points)
Replied 24 February 2009
Dear Akash,
for Credit entries or receipt vouchers : You have to check the followings :
1. Supporting i.e. advice of the customer from whose payment is received is attached or not ?
2. The particulars for bills against which the payment received is mentioned in voucher or not?
3. The amount of voucher matched with Bank statement or not ?
4. Date of voucher is before the clearance of cheque in Bank or not ? If the date of voucher is after the date of bank statement then it requied to be modified.
5. The voucher is authorised or not ? (Sign of principal officer of the company)
For Debit / Payment entires you need to check the followings :
1. The supporting - receipt if amount paid to supplier, the expenses bill of it relates to telephone bill/elect/water/mobile bill, if it is for other expenses the proof of the particulars expenses i.e. cash memo, etc.
2. The particular of expenses alongwth bill/cash memo number, etc. noted on voucher or not ?
3. The signature of receiver if receipt is not attached to the voucher is available or not ? For payment above Rs. 5,000/- revenue stamp is attached or not ?
4. The signature of the authroised person (principal officer of the company/firm)
For Contra - cash deposit/withdrawal/bank to bank transfers :
1. You need to check the date of cash withdrawal/deposit is perfectly matches with bank statement or not ? The date must be same.
2. The cheque number and amount matched with Bank statement or not?
3. The signature of authorised person.
I hope it will be OK for you.
CAclubindia
