Bank account

Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)   (1372 Points)

26 June 2014  

My client has prepared cheques before 31st march but those cheques were taken by Creditor after 31st March. Client has reflected those entries in bank account and Creditor account as Creditor account Dr To Bank account. Is this treatment is viable with Accounting Standards? If not so pls refer me standard and case law' Thanks in advance.