Course Content
Basic Accountancy (Past Paper 2009)
All questions are taken from DAO Exam Part-I (Past Paper 2009)
0/10
Classifying daily basis transactions according to their types
00:00
What is Statement of Financial Position (SOFP)
00:00
Write double-Entry Formula Entries
00:00
Recording Cash Book Transaction
00:00
Journal Entry
00:00
Short Questions
00:00
Find Depreciation: The Time Value of Money
00:00
Reconciliation of Payables and Supplier’s Memorandum Ledger Balances
00:00
Basic Accounting-I (Past Paper 2010)
00:00
Let's Analyze your knowledge with Quiz
30:00
Basic Accounting (Past Paper 2010)
Division Accounts Officer's Examination (Part-I) 2010 paper answers
0/9
Present Journal entries from the enlisted transactions
00:00
Transactions Typically Recorded in a Journal
00:00
Security Aspects of Handling and Storing Money
00:00
Define Bank Reconciliation & draw it benefits
00:00
Bank Reconciliation Example
00:00
Bad debt
00:00
Good internal controls to support an efficient and reliable payroll system
00:00
Replacing Machinery
00:00
Dismantling Costs of Old Machine
00:00
Basic Accounting Help Material
Short definition of the Accounting terms
0/7
Book of Accounts
00:00
Accounting Processes
00:00
Single-entry and Double-entry accounting:
00:00
Financial Statements (Assets, Liabilities, and Shareholders’ Equity)
00:00
Difference between a balance sheet, an income statement and a cash flow statement
00:00
What is the difference between a cash book and a bank statement?
00:00
Course outline for Basic Accounting
00:00
New Accounting Model (Exam-2009)
Books references: 1. Account Code (Volume III). 2. Chart of Accounts (Issued by CGA). 3. Manual Accounting Principles. 4. Accounting Policies and Procedures Manual.
0/5
Select Suitable answers
00:00
Write short notes on the following questions.
00:00
Pass Journal Entries
00:00
Reconciliation of Contractors’ Expenditure in APPM
00:00
Treatment of Replacement Cheques, Unclaimed and Stale Cheques in APPM
00:00
Business Communication (Exam 2009)
0/5
Proposal for the Auditor General of Pakistan
00:00
Write an essay on the new challenges emerging for the auditors
00:00
What type of business skills are used in contract planning, execution, implementation and evaluation?
00:00
Please comment on the following:
00:00
Please comment in short on the following:
00:00
Private: DAO Part-I Examination 2024 (Fresh Candidates) Past Papers
About Lesson

Question No. 5:

Treatment of Replacement Cheques, Unclaimed and Stale Cheques in APPM and Lost Cheques and Time-Expired Cheques in Account Code Vol. III:

  1. Replacement Cheques:
    • If a cheque is lost or damaged, issue a replacement cheque.
    • Properly document the reason for replacement and maintain records.
  2. Unclaimed and Stale Cheques:
    • Set a policy for handling unclaimed cheques after a specified period (e.g., six months).
    • Write off unclaimed/stale cheques from the books.
    • If required by law, record a liability for unclaimed funds.
  3. Lost Cheques:
    • If a cheque is lost, investigate the circumstances.
    • Record the loss in the accounting records.
    • Issue a replacement cheque if necessary.
  4. Time-Expired Cheques:
    • Cheques have a validity period (usually six months).
    • After expiry, reverse the cheque transaction.
    • Debit the cash account and credit the original expense account.

These procedures ensure proper handling of cheques and accurate financial reporting.

Join the conversation
Previous
Next