Voidiing a cheque (check.)

[Derek Atkins]

Bug #137560   	

-derek

Doug Laidlaw <laidlaws at myaccess.com.au> writes:

> I have had to cancel two cheques recently.   With Quicken, there is a button 
> to "void" it. That is probably not correct double-entry procedure, but I am 
> running a personal account, not a business one.  The first one I tore up 
> before I sent it, so I just omitted it from the books.  The second one came 
> back, and I "doctored" the entry to look like a Quicken "void."
>
> What is the correct procedure?  A journal entry reversing the cheque, perhaps?
>
> Doug.
> -- 
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available