Audit of Cash Balances means the amount lying in hand should match with the books of account. . Since on last day say 31 03 2012 for which the books of account are being audited; it would not be possible for you to check it now. . So you can check the current date's cash in hand balance with the books ( the date of audit at present). . Bank Balances shown in Bank Statement must tally with balances shown in the books. . If these are not tallied; reconciliation statement is to be made. . Cut off date means transactions upto 31 03 2012 (upto the date of audit). .
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