Stale cheques
This query is : Resolved
29 September 2011
what is the treatment for stale cheques in case of E cheque payments.i.e E cheque prepared and not authorized in Internet Banking. Please advice.
CA Pushpendra Gaur
(Expert)
29 September 2011
well if the payment entry been already passed the same need to be reversed
ACMA Obulirajan R
(Expert)
29 September 2011
If not authorised then the bank balance would have not come done. However If you have taken entry in your books then you have to reverse the same.
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