Internal audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2014
when we check bank voucher & a bill is not found to be attached then whether a query should be arise or leave it to check that bill in JV?
20 September 2014
Dear friend,
It depends on the filing system followed by the party.
i.e. Some parties keep two files of JV, one in which all bills are paid and another bills pending to be paid. While some parties keep only one file of JV (including both bills paid and bills to be paid)
In your case it seems party is following the first system, and if it is so then my advise will be raise query for bill not found in bank payment vouchers. If it is mistakenly filed in the JV file then party will find this out and will provide you the bill.
Hope it is clear to you.
Thanks.
It depends on the filing system followed by the party.
i.e. Some parties keep two files of JV, one in which all bills are paid and another bills pending to be paid. While some parties keep only one file of JV (including both bills paid and bills to be paid)
In your case it seems party is following the first system, and if it is so then my advise will be raise query for bill not found in bank payment vouchers. If it is mistakenly filed in the JV file then party will find this out and will provide you the bill.
Hope it is clear to you.
Thanks.
Message likes :
1 times
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Reporting in TDS return
- Traces submitting correction statement error
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
