We Have Give Cheque Amt: 100000/- To Vendor, Since One Year They Didnt Deposited, How To Handle This Cause BRS Showing Unreconciled Trn.
Please Guide Any One Can We Pass Any JV for this.
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JV For Not Deposited Cheque by Vendor
Replies (4)
Quick Summary
In BRS you have to add back Rs 100000/- in your books in Bank ledger Balance because you reduce the same when you issued cheque .
but bank balance not reduce because of cheque was not deposited .
cheque is valid for three months from the date of issue , so after one year that cheque become invalid .
but bank balance not reduce because of cheque was not deposited .
cheque is valid for three months from the date of issue , so after one year that cheque become invalid .
You have reverse earlier payment entry , on ground that cheque become Invalid .
Above for invalid cheque, or else leave it off like that making a note for excess cash. If making a note is possible,
Make a contra entry for bank- 1,00,000/-
keep 1,00,000 in Suspense account under bank
Im not explaining tally
Like the first answer adding back to cash book will tally even if it is a suspense account. No what else we can do is.... nothing much. Txs
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