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?
Mamta Uniyal (Finance Manager) (35 Points)
18 December 2012Hi, 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?
Sheena Maheshwari
(ARTICLESHIP)
(240 Points)
Replied 20 December 2012
| Originally posted by : Devendra | ||
 |
Yes. It is the same. |
 |
there is no particular std for the same.
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 18 January 2013
Normally if its issued chq we can reverse so that it will appear in the statement of a/c.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
