Hi, Can anybody tell me which Accounting Standard or IGAAP applies to accounting treatment of stale cheques. Also, is the accounting treatment same as per IGAAP and UGAAP accounting?
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Stale cheques accounting treatment
Replies (3)
Yes. It is the same.
| Originally posted by : Devendra | ||
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Yes. It is the same. |
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there is no particular std for the same.
Normally if its issued chq we can reverse so that it will appear in the statement of a/c.
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