rather we take balance as per bank statement or its compulsary to take balance as per bank book in audit report of assessee?
CA dhanpat raj (consultant) (83 Points)
25 March 2016rather we take balance as per bank statement or its compulsary to take balance as per bank book in audit report of assessee?
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 24 May 2017
Normally Bank balance has to be taken with a reconciliation from the client. A Balance confirmation from bank to be obtained for audit purposes.
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