CMCS-Session 4: Exercise 4-C

The AO shall maintain a consolidated cashbooks for all types of CA

• True

• False

The AO shall record the transactions in the prescribed cashbook daily.

• True

• False

The AO shall reconcile the book balance with the cash on hand semi-monthly.

• True

• False

He shall foot and close the books at the end of the year.

• True

• False

The AO and the Accountant shall reconcile their books of accounts at least quarterly.

• True

• False