Accounting treatment for uncleared cheques

for 1st I think no entry is required just show it in bank reco,but since 3 months have passed you have to reverse the entry

You are required to make the following entries in F.Y. 2013-14 :

1) Reversal entry should be made after 3 months of issuing cheque, i.e. on 15-06-2013

Bank A/c       Dr.

          To Computer Repairs & Maintenance A/c            

Note : Prior period A/c shoudn't not be credited here as it's not due to any mistake or ommission in prior preriod (i.e., 1-4-2012 to 31-3-2013) but only a procedural accounting adjustment by way of reversal entry & there will be no diff in BRS as far as this entry is concerned in the F.Y. 2013-14.

2) First Method (common practice)

Rent A/c    Dr.

   To Bank A/c

Note : Show the diff. in monthly BRS

                   OR

    Second Method

(May)

Rent A/c Dr.

    To O/s Rent A/c or Uncleared Cheque A/c 

(Being cheque issued for rent but not cleared till date)

(June)

O/s Rent A/c Dr.

     To Bank A/c

(Being cheque issued for payment of rent, now cleared)

Note : No question of reconciliation as far as this entry is concerned in current F.Y.

Hope ur doubt is cleared now.

1.Reverse orignal entry

2. Call your party whether he wants the money

3. If yes again pass payment entry