- Obtain the schedule of discounted bills receivable dishonoured.
- Check the entry in bank statement regarding the amount of bills dishonoured and see that the bank has debited the account of client.
- Verify the bills receivable returned by the bank alongwith bank’s advice.
- See that the dishonoured bills have been noted and protested by following the proper procedure and the account of the drawee or the debtor is also debited.
- Check that bank commission, if any, charged by the bank has been recovered from the party.
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