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cash receipts -cut off

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

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May 7, 2018 at 6:49 pm #450496
soni66
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What can be the control to check if cash receipts are recorded in the correct accounting period? How can we test the control?
May 7, 2018 at 9:57 pm #450505
Ken Garrett
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Generally, the date of cash receipt would be the date on which the money was paid into the bank. So trace from the cash book to the bank account, remittance advices and pay-in slips.
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