asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2011
what is cheque in transit??
and is it an asset??
and is it an asset??
CMA Ramesh Krishnan
(Expert)
26 June 2011
cheque in transit is the cheque sent form Head office to Branch or Branch to HO. on the close of the books of accounts if it is sent by one side or not received by other side the it will be treated as cheque in transit
it need to be considered as Current Asset
it need to be considered as Current Asset
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