Audit query

Dear Members,

While checking the expenses  of a company,i have come across the words, 'Bill booked' written behind or on the bill.What does this mean? What are its implications (if any) ?

As per my knowledge, it must be indicating that the Bill / Invoice has been recorded in the Books of Accounts ie. recorded in the Accounting Software. 

It must be just a way to avoid any duplicate entry in the Books of Accounts.

Regards,

Devendra Kulkarni

Originally posted by : Devendra
	As per my knowledge, it must be indicating that the Bill / Invoice has been recorded in the Books of Accounts ie. recorded in the Accounting Software.  It must be just a way to avoid any duplicate entry in the Books of Accounts.     Regards, Devendra Kulkarni

agreed

Yes I agree with Devendra 

Ensure that alongwith 'bill booked' written one reference number should be written e.g it may be voucher no. , (tally), Document no. (SAP) etc..... to trace trasactions easily....

For a better understanding you should ask the accountant of the company instead !!!!

Devendra : Thank you for your rply 

Sachin : yes there are voucher no:'s in each case

Roshan : i askd the accountant but received a confusing answer.

bill booked means that bills has been booked in accounts

bill booked means that bills has been booked in accounts