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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
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.
I AGREE WITH MISS SAHAR & MR JAVED ANSWER
I agree with everyone
Agree with expert
