Revenue leakage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2013
In concurrent bank audit how can i detect revenue leakage?
15 August 2013
Hello,
To find out revenue leakage, following areas you can do audit.
1.In respect of Cash Credit Account,whether penal interest has been charged for non submission of stock statement and whether software has been calculating correct amount of interest w.r.t to sanction letters.
2.In respect of BG and LC,whether commission has been charged or not?
3.In respect of SB and CA account,whether service charges in respect of RTGS,NEFT Service and Stop payment charges has been collected or not?
Hope you got an idea???
To find out revenue leakage, following areas you can do audit.
1.In respect of Cash Credit Account,whether penal interest has been charged for non submission of stock statement and whether software has been calculating correct amount of interest w.r.t to sanction letters.
2.In respect of BG and LC,whether commission has been charged or not?
3.In respect of SB and CA account,whether service charges in respect of RTGS,NEFT Service and Stop payment charges has been collected or not?
Hope you got an idea???
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- TDS related Query_Liquidated Damages
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
