bank vouching

Just check day book and vouchers

i want to know that shuld it be checked from bank statement like receipt . because in receipt they r just maintaining vouchers no supporting in this regard.

Dear Akash,

for Credit entries or receipt vouchers : You have to check the followings :

1. Supporting i.e. advice of the customer from whose payment is received is attached or not ?

2. The particulars for bills against which the payment received is mentioned in voucher or not?

3. The amount of voucher matched with Bank statement or not ?

4. Date of voucher is before the clearance of cheque in Bank or not ? If the date of voucher is after the date of bank statement then it requied to be modified.

5. The voucher is authorised or not ? (Sign of principal officer of the company)

For Debit / Payment entires you need to check the followings :

1. The supporting - receipt if amount paid to supplier, the expenses bill of it relates to telephone bill/elect/water/mobile bill,  if it is for other expenses the proof of the particulars expenses i.e. cash memo, etc.

2. The particular of expenses alongwth bill/cash memo number, etc. noted on voucher or not ?

3. The signature of receiver if receipt is not attached to the voucher is available or not ? For payment above Rs. 5,000/- revenue stamp is attached or not ?

4. The signature of the authroised person (principal officer of the company/firm)

For Contra - cash deposit/withdrawal/bank to bank transfers :

1. You need to check the date of cash withdrawal/deposit is perfectly matches with bank statement or not ? The date must be same.

2. The cheque number and amount matched with Bank statement or not?

3. The signature of authorised person.

I hope it will be OK for you.