Stale cheque

This query is : Resolved

DHEERAJ KUMAR (Querist)
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20 June 2015 Dear Sir

While closing books for the year 2014-15
i have noticed that one cheque issued on 04.02.2015 has not cleared till date i.e. 19.06.2015

Now this cheque has become stale

Now what entry is required on 31.03.2015

Regards

Dheeraj Kumar

CA Himanshu Ojha

CA Himanshu Ojha (Expert)
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20 June 2015 Just reverse the payment entry on 31.03.15 & show the balance as payable under Current Liability

DHEERAJ KUMAR

DHEERAJ KUMAR (Querist)
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20 June 2015 Sir

if i transfer the issue amount to Stale Cheque will this be ok or not

after reconfirming from bank i will reverse the stale cheque and show liability in next year

pl confirm as i have already transferred the bank issue account to stale cheques.

Regards
Dheeraj Kumar

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