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Accounting receipt doubt

This query is : Resolved 
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(Querist)
12 August 2011 pls tell me actual procedure of how to account on this
we are builders, when we get receipt, we will deposit to bank, and entry will be
by bank
to party
and the same will be transferred to contract receipt only at end of year
But in one case, the party didnt allow us to deposit the cheque dated 16.09.10 and receipt issued for the same transcation.
but as it is not deposited to bank, its not shown in accounts software.
at the end of financial preparation, i want to know how to close the entry.
simply saying
receipt issued 200000/-
not shown in WCT,not tax paid for the same
Cheque not deposited
not shown in tally also
what would be the procedure for this
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U S Sharma

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U S Sharma (Expert)
12 August 2011 just cancell the receipt entry ...as the cheque is older than 6 months and such entry could not be made in books......

cancell the receipt counterpart also.
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