Assuming that I am reading this correctly and its you or a company that you represent that has paid a cheque that has not yet been cashed.
If so then its a current liability and belongs with the creditors.
The money is still in your bank but it actually belongs to a third party who could claim it at any time so until cashed it would remain a creditor in the current liabilities.
HTH,
Shaun.
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Shaun
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I was up late working this out then went to bed thinking about it all and wonder whether this is right or not.
Its a receipts and payments account im doing for an assignment which is a charity.
At the beginning of the year I have a balance at the bank other items that need to be taken into consideration are payment for repairs (unpresented cheque), accrued payment for printing and then subscription which are due.
Reciepts:
Balance @ bank Prepayment - subscription due
Payments: Unpresented chq Accrued - printing
Then the balance would be the capital to put into the balance sheet.
