Cheque is valid for 3 months Older the current date "current delegation". So before 3 months dated cheque is stale.
Kuldeep Shaw
Jan 10th, 2015
The above two answers are not up to date.
Currently a cheque is valid for only 3 months from the date of signing it.
after that it will be considered stale and will not be eligible for encashment at the counter.
If an amount incurred or accounted or paid to establish over a period of time of the business or for the business, these kind of accounts are treated as deferred account.Eg., An advertisement expenses incurred by an organisation etc.,
Any incomes or expenses which are received or incurred during the financial year but not yet earned or benefit received those receipts or payments are charged to this account instead of charging it to...
A bank reconciliation statement is a summary of banking and business activity that reconciles an entitys bank account with its financial records. The statement outlines the deposits, withdrawals, and other activity impacting a bank account for a specific period
rajesh
Jun 28th, 2017
It is a statement which shows difference between passbook and cashbook