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What is the journal entry for Stale Cheque?

Answers were Sorted based on User's Feedback



What is the journal entry for Stale Cheque?..

Answer / sathya kishore pidugu

Journal Entry for statle cheque

Bank Operative A/C Dr
To Statle cheque Liability A/C

When chque is being reissued to the party

Stale chq LaibilityA/C Dr
To Bank Operative A/c

Is This Answer Correct ?    73 Yes 8 No

What is the journal entry for Stale Cheque?..

Answer / amod krishnan

When the Payment Due

Vendor A/c Dr
To Bank A/c

Check Stailed

Bank A//c Dr

To Stale Check A/c

Re issue of Staled check

Stale Check A/c Dr
TO Bank A/c

Is This Answer Correct ?    26 Yes 7 No

What is the journal entry for Stale Cheque?..

Answer / dolly

the entry will be to reverse the earlier entry which was
made at the time of issuing the cheque.

Is This Answer Correct ?    29 Yes 17 No

What is the journal entry for Stale Cheque?..

Answer / mukund

For Payment,entry will be

Vendor a/c Dr
TO Bank a/c.

Then for stale cheque entry will be,

Bank A/c Dr
TO Vendor a/c

Is This Answer Correct ?    18 Yes 17 No

What is the journal entry for Stale Cheque?..

Answer / donatus

Dr Bank
Cr Other Income

Is This Answer Correct ?    3 Yes 3 No

What is the journal entry for Stale Cheque?..

Answer / smitha

Stale Chq A/c Dr
To Bank
(Being cheque staled)

Is This Answer Correct ?    14 Yes 23 No

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