Closer entry of uncleared cheques against capital expenses under cash accounting system


Accounts Professional

please explain the year closer entry of uncleared cheques against capital expenses, where books of accounts has been maintained according on cash basis ( cash accounting system).

Expenses on Building construction

cheque payment date 25/03/2019

cheque clearing date in bank 05/04/2019

books closed on 310.3.2019

kindly suggested

regards

 

 
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When cheques already issued, it will be credited against Bank Reconciliation acc. No change in capitalization of expenses.

 
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