Date of passing entry?

Rahim (Businessperson) (460 Points)

02 September 2012  

I am slightly confused regarding the date of passing journal entries:


Scene-1: Suppose I draw a cheque dated 25-03-12 in favour of XYZ Ltd, but the company presented it for payment only on 3-04-12 in the bank. Which date should i pass the payment, 25th or 3rd Apr, in my books? How will i account for the difference in the Bank Statement then?