Bank reconciliation

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Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2013 Dear Sir
Please help me to solve this problem regarding PDC Cheques.

I make one cheque on 02/01/13 (bpv Date or cheque written date)and the cheque dated on 03/03/13 (due date). and it is encashed from bank on 05/03/13. so i make reconciliation on excel sheet like this

1,02/01/13 (bpv dt:) 05/03/13 (encash dt:)

2,03/03/13 (chq dt) 05/03/13 (encash dt)

which one is correct please help me

Thanks

@VaibhavJ

@VaibhavJ (Expert)
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08 February 2013 Hey

1st one is correct since BRS is reco with book dates & banks dates..

Thanks!!

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CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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09 February 2013 As Per My Understanding,

On Date of Issuing Cheque, No Need to Pass Entry.
The Date Printed on Cheque is the Day to be Pass Entry.
and reconciled Date is Bank Date on Which Amt encashed.

So Option 2 is Correct.

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CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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09 February 2013 Otherwise It Will Affect your balancesheet.

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