Vouching of Cash Transactions | Auditing - Bills Payable | 11th Auditing : Chapter 6 and 7 : Vouching of Cash Transactions

Chapter: 11th Auditing : Chapter 6 and 7 : Vouching of Cash Transactions

Bills Payable

The auditor should vouch the entries in the Bills Payable Book and the Bank Pass Book if payment is made by bank.

Bills Payable

The auditor should vouch the entries in the Bills Payable Book and the Bank Pass Book if payment is made by bank. He should ensure that bills when honoured on the date of maturity and returned by the payee after receiving the payment should be properly cancelled after payment.

Documents to be Vouched:

Bills payable book, (2) Pass book and (3) Receipts.

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11th Auditing : Chapter 6 and 7 : Vouching of Cash Transactions : Bills Payable | Vouching of Cash Transactions | Auditing