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Cheque received amount

ABHI KUMAR (710 Points)

15 April 2023

cheque received (debtors) 30.3.22 but clear 3.4.23 what is d treatment book 22-23 fin year

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prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 15 April 2023

Please confirm the date of cheque received , is. it 30/3/2022 or 30/3/2023 ? , because , if the date is 30/2/2022 then after three months cheque becomes invalid from the date of cheque. Bank will not clear the cheque after one year .

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Sandeep Jain (Pivate) (1459 Points)
Replied 15 April 2023

Entry in 30 March in books of account
Credit debtors, Debit cheque in hand
entry in 1 April Credit Cheque in hand Dr.Bank
cheque in hand under current assets or you can Create ledger cheque received but not clear

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ABHI KUMAR (710 Points)
Replied 15 April 2023

30.3.23

sabyasachi mukherjee (27574 Points)
Replied 16 April 2023

If it is older than 3 months then it is a stale chq. Fresh cheque mud be issued.
Any cheques not cleared will remain in bank reconciliation.

Discount cheques (2 Points)
Replied 25 April 2023

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