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How will you treat a payment that you made with cheque didn't collected until the cheque validity?

Accounting Tally Accounts Payable Financial Accounting Peachtree
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Question added by Kripesh Krishnan Kutty Nair , Merchandiser , Al Seer Group
Date Posted: 2015/01/13
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Siraj Farook
by Siraj Farook , Payable Accountant , etisalat

Debit cash/Bank

Credit the provision/Accrual Account

Once reissue the cheque 

Debit Accrual

Credit Bank

 

Mohsin Ali Chaudhry
by Mohsin Ali Chaudhry , Accounts Officer , CCE - Contracting & Construction Enterprises Ltd.

Only maintain your cheque register, upon confirmation from bank about the cheuqe just make an entry accordingly. Else other way could make your books more difficult to understand.

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