Stop payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2013 If I issue a cheque to a party and on the same day or say next day ask the bank to stop the payment, than will this transaction get reflected in my bank statement ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 August 2013 the ans is no.

Ganeshbabu K

Ganeshbabu K (Expert)
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19 August 2013 No transaction will not reflected in bank statement but bank charges relating to stop payment will appear on bank statement

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2013 There are cases in the bank statement where there are withdrawals ie. cheques issued and on the same day there are reverse entries even though sufficient bank balance is available.
What are such transactions?

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