Concurrent audit of a nationalized bank
This query is : Resolved
22 September 2012
Sir,
Our office is doing concurrent audit of a nationalized bank. I have a query on voucher checking.
Sometimes I come across check where the date is corrected (more than 3 months old) and signed by the account holder. Sometimes I see either amount in figures or words corrected by the account holder.
Is this valid? This is mostly self cheque or other than Account Payee cheques.
If it is an Account Payee cheque correction is permitted?
Our office is doing concurrent audit of a nationalized bank. I have a query on voucher checking.
Sometimes I come across check where the date is corrected (more than 3 months old) and signed by the account holder. Sometimes I see either amount in figures or words corrected by the account holder.
Is this valid? This is mostly self cheque or other than Account Payee cheques.
If it is an Account Payee cheque correction is permitted?
Dintakurthi Tirumala
(Expert)
22 September 2012
As per the rules correction on the cheques not valid and not acceptable in case the correction is attested by the account holder then it is valid and acceptable.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
