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Revesal of stale cheque

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PRADEEP KUMAR VATS

Assistant manager

303 Points Posted on 07 April 2014

Dear sir,

Please tell me the answer of following query,

If a cheque is pending for clearance( cheque issued but not presented for payment), as on 31.03.2014 and after 31.03.2014 it got stale due to more than 3 month (let us as on 4.04.2014). So it will be reversed as on 4.04.2014.

My question is wheather i can reverse the same as on 31.03.2014 instead of 4.04.2014 because of closing of the books.

Please reply as soon as possible.

regards

Pradeep kumar

Replies (2)

praveen

Chartered Accountant

5709 Points Posted on 07 April 2014

I dont think that is possible.

PRADEEP KUMAR VATS

Assistant manager

303 Points Posted on 07 April 2014

Thanks Praveen

My view is also the same. However i have no reference or any document for the discussion onthe same. My senior raised a question on the same. If you can relate with any reference then it will be better for me.

Regards

Pradeep Kumar