cross vouchers.!!!!!!!

A/c entries 631 views 2 replies

while conducting the audit of a company, i found that entries of contra vouchers are passed through payment or sometimes through journal vouchers.

i WANTED TO KNOW WHETHER IT REALLY EFFECTS THE ACCOUTNS OF THE COMPANY IN GENERAL OR NOT........!!!!!!!!!!!!!!!!!

Though the company's act provides that vouchers also form part of books of accounts adn if they are not properly made, the account may be said to be not in proper manner...........

 

Pls elucidate upon the same.

thanx.!!

Replies (2)

 PAYMENT THROGH JOURNAL VOUCHERS IS NOT ALLOWED

ONLY

TRANSFER

CORRECTION

COORECTION AND TRANSFER OF ENTERIES IN PROPER A/C HEADS -

ALLOCATION OF BRANCH EXPENSES

PROVISION OF EXPENSES

CLOSING BOOKS ENTERIES 

ETC ARE ALLOWED   

Payment items like Cash in hand should not be reflected through a JV.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details