Bank reconciliation statement - Stale cheque
This query is : Resolved
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
Please reply
Thanks,
Regards,
Ganesh.S
Manmohan ACA, CS
(Expert)
10 June 2009
DEBTORS a/C DR...
TO BANK
TO BANK
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)
concerned expenses a/c........ dr
To Bank a/c
For this want to pass reversed journal entry......... (stale cheque)
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
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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