non presentation of chq
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2010
Som cheques that were issued to a company were not presented. After how many months should the entry in cash book be reversed so that cash book can be tallied. BRS statement is missing and the balance as per cash book is not clear. what is to be done for the opening bal. of the next year.Are we to recalculate and if there is still any difference what is to be done. kindly guide.
12 June 2010
cheques issued but not presented in bank that cheque valid only 6 months after 6months you can reversed the payment entry and tally the bank reconciliation
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