I had issued a cheque to a creditor on 28.03.2017 but it was not cleared till 28.06.2017. When should i pass the cheque reversal entry- on 31.03.2017 or in current FY 17-18. As although I have not actually paid to the creditor till 31.03.2017. Will this effect AS 4? My books have not been audited as yet.
CAclubindia
