Contra entries in different dates
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2013
Dear Experts,
Can Contra entries could be accounted in tow different dates dates??
For example while doing Internal Audit I came across situations where in Tally Contra entry has posted 13-Sep-13, as per the bank stm credit has came 14-Sep-13, and some cases two days later.
is there any requirement to mention this point in my my Internal Audit on cash operations.
Regards
Can Contra entries could be accounted in tow different dates dates??
For example while doing Internal Audit I came across situations where in Tally Contra entry has posted 13-Sep-13, as per the bank stm credit has came 14-Sep-13, and some cases two days later.
is there any requirement to mention this point in my my Internal Audit on cash operations.
Regards
17 September 2013
It is possible that bank may have given the credit for the transaction a day or two later.
Not something you should be worried about.
Not something you should be worried about.
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