Use of cancel cheques

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REENA

REENA (Querist)
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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)
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25 June 2015 Visit the following link:-

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

REENA

REENA (Querist)
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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)
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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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