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What are the essentiality of keeping full details in the Counterfoils of Cheque book at the time of issuing cheques and preserving the same safely?

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/09
Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

writing the essentials of the check on the counterfoil is important for the following reasons:

in case the check is lost by the beneficiary

in case the payment order is missed from accounting documents.

auditors may access the counterfoil if there is a mistake in the amount recorder in the books.

accountants can have easy access 

Muhammad Javed
by Muhammad Javed , Manager Finance , EuroMoto

I would like to add to the answer of Ms. Sahar Alech.

* To check by whom respective cheque was got signed in case of having more than one authorized signatories for bank account.

* Record maintained on counterfoils can be helpful in bank account reconciliation.

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I AGREE WITH MISS SAHAR & MR JAVED ANSWER 

Asim Azaldeen Abdalrahman Mhammed
by Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY

Nice answer miss sahar alech

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

I agree with everyone

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Agree with expert

Deleted user
by Deleted user

I don't understand sorry

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