Post dated cheques querry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2011
while entering payment we ll post an entry in tally if some cheques are completed more than 6 months from the date of issue means now we have to delete that entry in tally or we have to give reverse entry? pls urgent
Hari Beldona
(Expert)
20 December 2011
It will come in to effect from 01/04/2012 that is to say Banks should not make payments against cheques if they are presented after the period of 3 months from the date of issue
21 December 2011
I suppose you are asking about stale cheques, cheques that were issued more than 6 months ago.
Best Accounting treatment for Cheques that have become stale is to reverse the entry and NOT DELETE IT.
The payment entry and the reversal entry will be proof of issuing the cheque.
Best Accounting treatment for Cheques that have become stale is to reverse the entry and NOT DELETE IT.
The payment entry and the reversal entry will be proof of issuing the cheque.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
