Internal Check over postal sale:

For the postal sale following system internal check is very important.

1.      V.P.P record:

These goods should be maintained in the V.P.P. register which are being sent by post. The following amount of those goods should be also written against their Column.

2.      Receipt of cash:

The amount of cash received through the post office should be recorded in the v.p.p register against the goods.

3.      Deposit of daily cash in bank:

Received cash must be deposited in to the bank daily. If it not possible on that day then on next day it must be deposited.

4.      Recording in cash book:

All the cash which is received in one month should be recorded from the v.p.p. register to main cash book and sales account.

5.      Recording of returned V.P.P:

Those items which were sent to the customer but they refused to accept them, and returned it such returned items must be recorded in the v.p.p register.

6.      Checking of register:

                    There should be a frequent checking of v.p.p register by responsible            official. Such examination will also clear the position of payment made by the cashier

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Author : commercealls

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