Use of cancel cheques

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REENA

REENA (Querist)

25 June 2015 Hi,

Please let me know what of uses of cancel cheques? We have to submitted physical cancel cheques?

Sandeep Dharar

Sandeep Dharar (Expert)

25 June 2015 Visit the following link:-

https://profit.ndtv.com/news/your-money/article-what-are-the-uses-of-cancelled-cheques-379901

REENA

REENA (Querist)

25 June 2015 Thanks

But I want to ask from point of view a company. We have to maintain record of cancel cheques and cheque which were issued to party and not clear after expiry 3 months too. Does physical copy of those cheques have to submitted or detail is given to authorized department?

Please advise

Sandeep Dharar

Sandeep Dharar (Expert)

25 June 2015 No details to b submitted to any department, But u must have to maintain records of all the cheques.Coz, it will also help u to maintain all records and u may have also to show the Bank at the time of request of new check book.

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