Administration Manual - B.E.S.T. Undertaking.

19. RECONCILIATION OF BANK ACCOUNTS :
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The Receipt, Payment and Investment Section enter all the respective amounts
in the respective column of Daily Cash Balance Book viz.
i) Amount deposited in Bank through Bank Pay in Slip Books except deposit in
lieu of dishonoured cheques and in respect of amount directly debited by Bank
to our account in respect of commission.
ii) Amount directly received by the Bank and credited to our Current A/c i.e.
Transfer of collections made by Co.Op. Banks, interest on investments,
repayment of fixed or call deposit with interest.
iii) All cheques drawn.
iv) Interest payable by us on Municipal Loans debited by the Bank to our Current
A/c as and when interest warrants are issued by them to the holders.
v) Debit entries passed in respect of dishonoured cheques for the amount not
realized to debit advices passed by Consumers Department.
Reconciliation of all Banks Accounts:
1. Balance as per Bank Certificates are obtained from the Banks.
2. Cheques on hand on the last date of preceding month are listed. The
total of list should be compared with the Balance as per the cheques on
hand register to see that it tallied with the balance. This list together
with the cheques on hand and the cheques on hand registers are sent to
Audit Department for verification of the cheques listed with the actual
cheques.
3. Bank Clearance Register :- Pay Slip Nos., date of deposit and amount
deposited in Banks are entered in the Register. The amount and the
date on which the credit has been given is entered from the Bank