Bank reconciliation statement - Stale cheque

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Ganesha S (Querist)
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10 June 2009 Please clarify about stale cheque (i.e., one which exceeding six months for clearing) what is the reverse entry.
Please reply

Thanks,

Regards,
Ganesh.S

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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10 June 2009 DEBTORS a/C DR...
TO BANK

Ganesha S

Ganesha S (Querist)
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10 June 2009 Please clarify how it is credit...... because as a Company issues cheque made entry as
concerned expenses a/c........ dr
To Bank a/c
For this want to pass reversed journal entry......... (stale cheque)

Rajesh

Rajesh (Expert)
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10 June 2009 I favor the expert

you have not paid the amount to party, you have given a cheque only, which has been stale its mean no amount paid to party therefore you have to reverse the entry as expert suggested.

regards

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Bank reconciliation statement - Stale cheque

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