Hi, Can anybody tell me which Accounting Standard or IGAAP applies to accounting treatment of stale cheques. Also, is the accounting treatment same as per IGAAP and UGAAP accounting?
Hi, Can anybody tell me which Accounting Standard or IGAAP applies to accounting treatment of stale cheques. Also, is the accounting treatment same as per IGAAP and UGAAP accounting?
| Originally posted by : Devendra | ||
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Yes. It is the same. |
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there is no particular std for the same.
Normally if its issued chq we can reverse so that it will appear in the statement of a/c.
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