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

760
The cash clerk carrying the cash to Bank gives acknowledgement in the
Register.
All cheques received are listed and separate Bank Pay-in-Slips are
prepared according to the nature of the Cheque. From the cash and
Cheque Bank Pay-in-Slips a memo is prepared incorporating therein the
amount of each Bank Pay-in-Slip and the total as shown in the Memo is
tallied with the total amount of collection as shown in the Daily Cash
Summary.
The Cash Department has been divided into two zones, South and North.
The Cash Department in the North receives from Consumers,
Transportation Engineering, Distribution & Commercial, in the North and
the same procedure as detailed above is followed. The amount is
deposited in the State Bank of India, Bank of Maharashtra, Dadar, from
where it is transferred to our main account at the Head Office every week
after retaining a balance of Rs.10,500/-
6.6.2 Audit Procedure:
6.6.2.1 Receipts: The Revenue Section is responsible for carrying out and
supervising efficiently test audit of Undertaking’s revenue as per
prescribed programmes.
It is necessary to verify that all receipts are accurately passed, accounted
in the Daily Cash Summary Book and finally banked.
The Audit clerk has to assure himself that all receipts are passed on
authorized forms and that no fictitious forms are introduced for the
purpose of defalcation of the regular dues receivable by the Undertaking.
For this purpose, a Register of Receipt Books is kept in which all receipt
books printed are entered and enumerated in serial order and notings are
made there as and when books are issued to different departments or