customers who have opend bank a/c on saving a/c or current a/c and drawn cheques.however bank not Dr their saving a/c or current a/c but Dr mis a/c why ???????? reply me asap frn waiting ur reply..........
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I am getting confusion
Replies (3)
May be your doing cuncurrent audit of a bank branch, More details required to answer your question.
Kindly elaborate the fullform of "MIS" and as per your query it seems you are doing the audit of banking company.
Further If you see the books of accounts you will one client's control account named in any way different from organization to organization. But if you check that entry in details "MIS" might be the main group and client's ledger will be the sub-group.
With this indirectly client's account only will get debited. Just try checking the entry in detail and mapping (Grouping) of ledgers.
If im not wrong, if it's Miscellaneous a/c , when some customers withdraw and the withdrawal forms of those are not clearly made out
at times the bank people keep debiting the miscellaneous a/c which they reconcile at the end of the day
or on the proceeding day,(in some future date).....
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