Kindly help me

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DEAR FRIENDS 

                   I M DOING AUDIT OF A PRIVATE LIMITED COMPANY.   CAN ANYONE EXPLAIN ME HOW TO GO ABOUT AUDITING OF A BANK STATEMENT AND CASH VOUCHERS

 

Replies (7)

In cash voucher

1 U should cheak suppoeting document every expenses

2 More than 5000 there should be revenu stamp

3 MOre than  20000 put seperately

4 Every expenses going proper head

e.g xerox - Printing and sta

Bank

U cheak in tally there should be proper reconcilation Press F5, amount must tally with bank statement

and import thing is cheak must reconcil within six month nt more than that

In case of statutory audit, when should be the physical cashverified whether on last day of the relevent financial year or on the day of audit????

In case of statutory audit you can verify cash on last day or in the day of audit and adjust with the cash received and paid upto the last day.

In case of statutory audit you can verify cash on last day or in the day of audit and adjust with the cash received and paid upto the last day.

The authenication  of vouchers is also important. Who is liable to authorised the paymnet.

thanks for the reply

 

i m in same situation now.. but i know how to complete Audit


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