Bank renconciliation statement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2018
Sir,
if X ltd issued a cheque on 15/9/2017 as donation.The cheque is not yet presented by the party.90 days time limit is already over.What journal entry should i pass now?
if X ltd issued a cheque on 15/9/2017 as donation.The cheque is not yet presented by the party.90 days time limit is already over.What journal entry should i pass now?
CA Suresh Jain
(Expert)
08 May 2018
If you think that the party would come back and you shall issue a replacement cheque :
1. Stale Cheques Account Dr.
To Bank account
Otherwise - reverse the entry
1. Stale Cheques Account Dr.
To Bank account
Otherwise - reverse the entry
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