Maintenance of ledgers
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2011
In computer environment does a district co-operative bank has to take copies of general ledger day book etc
whether the managers to put their signatures to authenticate the same
whether the managers to put their signatures to authenticate the same
17 July 2011
yes,
may be the target desk does not have the computer facility,
to keep records for further reference, they have to preserve copies in hard form
may be the target desk does not have the computer facility,
to keep records for further reference, they have to preserve copies in hard form
18 July 2011
In co-operative Bank ledgers are required to be maintained in physical form as you do not know when the system may go down and if there is slight change in the electronic data the same may disturb the entire functioning of the accounts a holders balances and there might be some manipulation through electronic data if no print outs are kept. Jobs are transferable in banks and if some one makes some intentional fraud through electronic data you cannot trace it till physical data are available and signed by the concerned person.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Eway bill not cancelled within 24 hous what can be due
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- TDS Return Q1 FY 2026-27
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
