HI,
How can you define "DUPLICATE BILL" ? As far as concern to accounts & Audit practices , can we accept photocopy as a duplicate bill?if Yes , on what basis.....
If not , then why...?
Kindly clear this asap..
3 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 25 February 2008
In case the original is lost you have no other option but to accept duplicate. If the value is significantly important, you can supplement it with confirmed statement of account from the creditor, as well as verify payment records.
Deepak Maithani
(CA STUDENT)
(445 Points)
Replied 29 February 2008
What are the impacts on statutory compliances and audit when we'll pay to vendor/ customer on Photocopy bills ...treated as duplicate bill...
sajal goyal
(Profession)
(28 Points)
Replied 10 April 2008
There will be no impect on statutary compliance and audit. you can easely make payment on the basis of duplicate bill. You can justfy the payment through vendor statement.
I have faced same problem with one of my client. I was auditor there.
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