Excess cheque issued more than available balance in current account
This query is : Resolved
06 October 2023
Hi all,
What to do in a case, if a company issues cheques in its current account more than the available balance in the account on 31 march. How can I traet the matter as bank is also objecting as bank borrowing becomes more than the sanctioned limit.
Kindly guide.
Regards
Ranjeet Maurya
What to do in a case, if a company issues cheques in its current account more than the available balance in the account on 31 march. How can I traet the matter as bank is also objecting as bank borrowing becomes more than the sanctioned limit.
Kindly guide.
Regards
Ranjeet Maurya
CA R SEETHARAMAN
(Expert)
06 October 2023
Treat it as book OD. Funds may be expected on 1st working day.
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