Stale cheque
This query is : Resolved
15 November 2014
stale cheque reflating in trail balance from long time
what does it mean
15 November 2014
It means the party is not claiming a fresh cheque. For Stale cheque reverse the payment entry and if it is outstanding for a long time take it to other income.
15 November 2014
U better pass below entry
Dr.Stale cheques
Cr.Provision for expences
.
.
.
and if it is confirmed that receipient will not claim for fresh cheque u may treat it as miscellenous income
Dr.Stale cheques
Cr.Provision for expences
.
.
.
and if it is confirmed that receipient will not claim for fresh cheque u may treat it as miscellenous income
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