How to check Bills Receivable

the auditor  should examine the lease deeds and agreement to ascertain the amount of rent payable , the due date and provision regarding the receipts etc. rent received.

bills receivable book should be compared with cash book and the pass book to see that the amount has been received on the due date inquiries should  be made regarding the bills which have  matured but the amount has not been received for them . such billed might have been dishonored or retired It is also possible that such bills might have been paid and proceeds might have been misappropriated by the cashier.


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