10 June 2009
Please clarify how it is credit...... because as a Company issues cheque made entry as concerned expenses a/c........ dr To Bank a/c For this want to pass reversed journal entry......... (stale cheque)
you have not paid the amount to party, you have given a cheque only, which has been stale its mean no amount paid to party therefore you have to reverse the entry as expert suggested.
CAclubindia
