suppose Mr X is creditor of a company.He receive a sum amount of RS 10 thousand in cheque.
I enter in my company a/c as
Mr x a/c Dr 10,000
TO particular Bank A/C
but some how he didnot present the cheque at bank till the expiry of the cheque
so what i do for this
if i reverse the entry he will be a creditor of the company.
case-1, if he claim the amount it will be adjusted by issue of new cheque
case-2 if he not claim wht will i do.....??????