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SALE cut off:

Mark/Note number, date and other details of last documents as on year end (i.e. sale

invoice, sale order , GDN , Delivery note and all other sale relevant documents ).Take sample of all

sale relevant documents from pre and post year period and ensure that all sale transactions have

been recorded in relevant/correct accounting period

Apply sequential test to ensure that no post reporting period transaction has been recorded

in current reporting period and vice versa.

PURCHASE cut off:

Mark/Note number, date and other details of last documents as on year (i.e. purchase

invoice, purchase order , GRN , Delivery note and all other sale relevant documents ).Take sample of

all purchase relevant documents from pre and post year period and ensure that all purchase

transactions have been recorded in relevant/correct accounting period

Apply sequential test to ensure that no post reporting period transaction has been recorded

in current reporting period and vice versa.

STOCK cut off:

Mark/Note number, date and other details of last documents as on year (i.e. purchase

invoice, Sale invoice, sale order, purchase order , GRN , GDN Delivery note and all other

sale/purchase and stock/inventory relevant documents ).Take sample of all inventory relevant

documents from pre and post year period and ensure that all stocks have been recorded in

relevant/correct accounting period

Apply sequential test to ensure that no post reporting period transaction has been recorded

in current reporting period and vice versa.

Bank / Cash Cut off:

Mark/Note number, date and other details of cheque receive/ paid and payment/receipt

vouchers as on year .Take sample of all payment/receipt relevant documents from pre and post year

period and ensure that all payments/receipts transactions have been recorded in relevant.

Apply sequential test to ensure that no post reporting period payment/receipt has been

recorded in current reporting period and vice versa.

Mark subsequent clearance of outstanding cheques from post period end bank statement to ensure

that it has been cleared within reasonable/acceptable clearance time, otherwise discuss with

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management the reasons for delay and after gathering audit evidence, ensure the need for these

cheques to be reversed/adjusted in relevant accounts.