The entries in the Stock Register should be The entries in the Stock Register should be simultaneously attested by the simultaneously attested by the In order to ensure that the items have In order to ensure that the items have actually been received and the entries have actually been received and the entries have been made in the Stock Register, the been made in the Stock Register, the 104 Principal should personally undertake a Principal should personally undertake a physical verification of important items (i.e. physical verification of important items (i.e. items costing Rs. 1000/- and above and items costing Rs. 1000/- and above and attest attest the relevant entries in the Stock the relevant entries in the Stock Register and Register and in the bill in token of the in the bill in token of the verification. verification. All paid vouchers must be stamped ‘PAID’ All paid vouchers must be stamped ‘PAID’ and cancelled in such a way that they cannot and cancelled in such a way that they cannot be used a second time. Stamps affixed to be used a second time. Stamps affixed to vouchers must also be cancelled. The vouchers must also be cancelled. The vouchers should be serially numbered for vouchers should be serially numbered for each financial year and kept on record in a each financial year and kept on record in a guard file in order of serial number for audit guard file in order of serial number for audit 105 purposes. The serial number of voucher must purposes. The serial number of voucher must be invariably quoted in the Cash Book while be invariably quoted in the Cash Book while entering the payment. To facilitate ready entering the payment. To facilitate ready reference, the number and the date of the reference, the number and the date of the cheque issued should be given on the cheque issued should be given on the voucher voucher and a cross reference to the voucher and a cross reference to the voucher number number given on the counterfoil of the given on the counterfoil of the cheque issued. cheque issued. 106 Deleted Deleted
104 The entries in the Stock Register should be simultaneously attested by the In order to ensure that the items have actually been received and the entries have been made in the Stock Register, the Principal should personally undertake a physical verification of important items (i.e. items costing Rs. 1000/- and above and attest the relevant entries in the Stock Register and in the bill in token of the verification. The entries in the Stock Register should be simultaneously attested by the In order to ensure that the items have actually been received and the entries have been made in the Stock Register, the Principal should personally undertake a physical verification of important items (i.e. items costing Rs. 1000/- and above and attest the relevant entries in the Stock Register and in the bill in token of the verification. 105 All paid vouchers must be stamped ‘PAID’ and cancelled in such a way that they cannot be used a second time. Stamps affixed to vouchers must also be cancelled. The vouchers should be serially numbered for each financial year and kept on record in a guard file in order of serial number for audit purposes. The serial number of voucher must be invariably quoted in the Cash Book while entering the payment. To facilitate ready reference, the number and the date of the cheque issued should be given on the voucher and a cross reference to the voucher number given on the counterfoil of the cheque issued. All paid vouchers must be stamped ‘PAID’ and cancelled in such a way that they cannot be used a second time. Stamps affixed to vouchers must also be cancelled. The vouchers should be serially numbered for each financial year and kept on record in a guard file in order of serial number for audit purposes. The serial number of voucher must be invariably quoted in the Cash Book while entering the payment. To facilitate ready reference, the number and the date of the cheque issued should be given on the voucher and a cross reference to the voucher number given on the counterfoil of the cheque issued. 106 Deleted Deleted