Closing of account

yogen (Accountant) (105 Points)

05 April 2013  

 

we have paid rs 6500 to one company throug making payorder from bank on 13-9-2011 tpwards  insurence expenses. and the 2011-12 account is closed. but today 30-3-13  on  found that the pay order which is made from bank is not cleared. i.e payment is not made to the party.

in previous year following entry is done .

DR: insruence expenses-6500

CR bank-6500

and the account is closed and the amount of insurence expenses is not carried forwarded.

Therefore now how to adjusted the account on 30-3-13?

hoping your reply please.