A cheque was issued in September 2019 and the company's Accounting year is 31st December. The cheque which was issued in September 2019 has not been presented till now. We are in June 2020. The company's annual audit is ongoing. Is the cheque a stale cheque? Is yes what will be the journal entries?
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Stale Cheque
Replies (2)
Quick Summary
It is definitely a stale cheque.
Just reverse the Original entry
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