Stale cheque in bank reconciliation
This query is : Resolved
23 June 2015
Sir,
I have a query regarding the stale chqs which is unpaid and showing in Bank Reco after 3 months.
Can we reverse the original entry of the stale cheque on the same date when it was issued ?
or the reversal is book after 3 months of the cheque issued.
ie.: if the cheque issued on 05.01.2015 and it staled on 05.04.2015 ... then on which date we will make the reversal.
I have a query regarding the stale chqs which is unpaid and showing in Bank Reco after 3 months.
Can we reverse the original entry of the stale cheque on the same date when it was issued ?
or the reversal is book after 3 months of the cheque issued.
ie.: if the cheque issued on 05.01.2015 and it staled on 05.04.2015 ... then on which date we will make the reversal.
25 June 2015
Reversal entry should be passed only after the cheques have become stale.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
