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Cheque received amount
cheque received (debtors) 30.3.22 but clear 3.4.23 what is d treatment book 22-23 fin year
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Quick Summary
Please confirm the date of cheque received , is. it 30/3/2022 or 30/3/2023 ? , because , if the date is 30/2/2022 then after three months cheque becomes invalid from the date of cheque. Bank will not clear the cheque after one year .
Entry in 30 March in books of account
Credit debtors, Debit cheque in hand
entry in 1 April Credit Cheque in hand Dr.Bank
cheque in hand under current assets or you can Create ledger cheque received but not clear
Credit debtors, Debit cheque in hand
entry in 1 April Credit Cheque in hand Dr.Bank
cheque in hand under current assets or you can Create ledger cheque received but not clear
30.3.23
If it is older than 3 months then it is a stale chq. Fresh cheque mud be issued.
Any cheques not cleared will remain in bank reconciliation.
Any cheques not cleared will remain in bank reconciliation.
In this piece, we'll discuss an often-asked question of how to record a cheque that is for a different amount than the corresponding invoice. The author provides a clear justification and useful advice on how to record such a check in your financial records. The post is clear and to the point, providing valuable information for anyone seeking insight into the subject.
For More Info:- https://www.discountcheques.com/
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