To void a check from a prior year, you'll need to reverse the original check entry. This ensures that your accounting records reflect the voided check accurately. Here are the journal entries for voiding a check from the prior year:
Original Check Entry (Example)
Assuming the original check was written to pay for an expense:
| Date | Particulars | Debit (₹) | Credit (₹) |
|---|---|---|---|
| 2023-12-15 | Expense A/c | 20,000 | |
| To Cash/Bank A/c | 20,000 | ||
| (Being payment for expense) | |||
Voiding the Check in the Current Year
To void the check, you will reverse the original entry:
| Date | Particulars | Debit (₹) | Credit (₹) |
|---|---|---|---|
| 2024-06-01 | Cash/Bank A/c | 20,000 | |
| To Expense A/c | 20,000 | ||
| (Being voided check from prior year) | |||
This entry cancels out the original expense recorded and reinstates the cash balance in the current year. If the voided check affects a different type of transaction (e.g., payable or receivable), adjust the account titles accordingly.
