Audit query

Following points should be kept in mind while auditing the bank book :-

1) Check whether the Opening balance of the current year matches with the last year Closing Balance.

2) Check whether any cheques are issued to the parties but not yet given in bank for payment by them.

3) Similarly check whether any cheques received are yet to be presented in bank.

4) Check whether all the Bank charges, interest etc. are recorded properly.

5) Verify the Bank Reconciliation Statement. Check whether the cheques which are in reconciliation have been cleared in future.

6) Check whether any cheque has been dishonoured, if yes, then whether reverse entry has been passed in the books of accounts.

Regards,

Devendra Kulkarni

thanks

but do i need to check for payments made to party with journal ledger ?