Hi, Can anybody tell me which Accounting Standard or IGAAP applies to accounting treatment of stale cheques. Also, is the accounting treatment same as per IGAAP and UGAAP accounting?
3 Replies
Sheena Maheshwari
(ARTICLESHIP)
(240 Points)
Replied 20 December 2012
| Originally posted by : Devendra | ||
 |
Yes. It is the same. |
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there is no particular std for the same.
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 18 January 2013
Normally if its issued chq we can reverse so that it will appear in the statement of a/c.
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