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
CAclubindia
