Excess cheque issued more than available balance in current account
This query is : Resolved
06 October 2023
Hi all,
What to do in a case, if a company issues cheques in its current account more than the available balance in the account on 31 march. How can I traet the matter as bank is also objecting as bank borrowing becomes more than the sanctioned limit.
Kindly guide.
Regards
Ranjeet Maurya
What to do in a case, if a company issues cheques in its current account more than the available balance in the account on 31 march. How can I traet the matter as bank is also objecting as bank borrowing becomes more than the sanctioned limit.
Kindly guide.
Regards
Ranjeet Maurya
06 October 2023
Treat it as book OD. Funds may be expected on 1st working day.
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