Concurrent bank audit
This query is : Resolved
16 December 2014
During my working I faced a problem regarding revenue leakage where bank charges i.e.Processing and inspection charges are not charged by the bank and given reason that by debiting customer account the drawing power exceeds. Therefore bank is not debiting the charges resulting loss to the Revenue Income of the Bank. Could you please provide me the solutions regarding this that how this Income can be recovered.
16 December 2014
Report it in your audit report. You are not the one to find the solution. The EDP team has to find it out.
It is very hard to believe that due to debit of such a charges, drawing power is affected..... these are face saving excuses.
It is very hard to believe that due to debit of such a charges, drawing power is affected..... these are face saving excuses.
16 December 2014
Thanks sir for your valuable advice.
16 December 2014
You are most welcome.
.
.
.
.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 9C- Table 9
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Tax liability on gift amount given to blood relation
- Gst registration rule 14A
- Query on solved queries
- Reimbursement of expense- GST applicable or not
- When was the effective CA partnership deed? Can I use old FRN until new FRN alloted by ICAI?
- Form 104 stamp paper deed
- PLACE OF SUPPLY FOR COMMISSION AGENT
- Transport service POS
- E INVOICE, E-WAY, INVOICE
- GST RATE ON CONSTRUCTION BRICKS ?
- To Whom the Invoice should be Raise to
- E stamp paper purchase
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
