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Level 1

How do i reverse a stale dated cheque

A component of the cheque includes GST which has subsequently been paid to CRA

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Level 15

How do i reverse a stale dated cheque

A Stale Dated check is offset by a Deposit to a Liability account, so that the Replacement Check pays out that same Liability. The Deposit and the old check clear against each other next reconciliation to Net 0.