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A debit of Rs.11,00,000 appeared in the back statement for an "unpaid cheque" which, had been returned marked "out of date". The cheque had been re-dated by the customer and paid into bank again on 5th July 2019 Could you explain the statement sir?


Harshavardini K.B

Harshavardini K.B

CA Foundation

0

17-Feb-21 22:22

26

Answers (2)

Pass book has been reduced by 11,00,000. Then cash book should be credited with 11,00,000.


siva chaitanya

siva chaitanya

CA Foundation

1K+

17-Feb-21 22:35

When a customer given a cheque of RS 11lakhs,you had debited bank a/c in your books,but the cheque is outdated(3months time period had lapsed).hence in bank statement there is no corresponding credit.Later the customer given you other cheque.


Maduguri Bhanu

Maduguri Bhanu

CA Final

4K+

18-Feb-21 07:24

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