Sir, i purchased a computer on march 10 and payment made by post dated cheque (cheque date 15 april), so it should be shown under "Cheque issued but not presented" ?
4 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 15 March 2016
No. This cannot come in reconciliation. Since the date of issue is post march. The date of issue is the date written on the cheque and not the date on which it is handed over to party.
NEERAJ SHARMA
(CA IPCC )
(113 Points)
Replied 16 March 2016
yes, it should not be shown in Reconcilation, but It should be shown as credit sales upto April ?
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
