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

20) Shamrao Vittal Co-op. Bank
21) Indulsind Bank.
These statements are checked by Audit with the relevant records.
6.6.3.1 State Bank of India (H.O.):
At the close of a month a certificate of the balance amount held in the
current account with State Bank of India is issued by that Bank. A
Reconciliation Statement is prepared by the Cash Department to tally
the amount certified by the Bank with the balance shown in the Daily
Cash Balance Book at the close of the month. The following records
maintained by the Cash Department are checked in the manner
indicated.
774
i) Cheques on hand with the Supdt. Cash are physically verified
with their listing in the Reconciliation Statement on the first
working day of each month.
ii) The Bank Clearance Register is checked with the Daily Bank
Deposit Memo of the Cash and Ticket and Cash Departments.
A record of amounts deposited in the Bank as per each
individual Bank Pay-in-Slip is maintained in the Bank
Clearance Register. Audit clerks check these entries from the
Daily Bank Deposit Memo of the Cash and Ticket & Cash
Departments.
iii) The Bank Clearance Register is verified with the Bank Pass
Book for credits given by the Bank. Whenever credits are given
by the Bank, entries of the date on which credit is given are
made in the Bank Clearance Register against the amount.
Audit Clerks are required to check these entries from the Bank
Pass Book to ascertain that outstanding amounts for which
credits are not given by the Bank and as shown in the
Reconciliation Statement are in order.
iv) Fixed/Call Deposits Realization Entries are made in DCB
Register and verified with with the Bank Pass Book. Whenever
Fixed/Call Deposits are withdrawn, the entries are made in
DCB Register for having credited the amount to the account.
Such entries in the Pass Book are checked with these entries in
DCB Register.