Saturday, 19 January 2013

Yahoo! Philippines News - Latest Philippines News & International News Headlines: Capitol’s left with P4.9M worth of expired checks, according to treasury records

Yahoo! Philippines News - Latest Philippines News & International News Headlines
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Capitol's left with P4.9M worth of expired checks, according to treasury records
Jan 19th 2013, 00:03

RECORDS at the Cebu Provincial Treasurer's Office revealed that the Capitol has 147 checks worth P 4.9 million that are deemed "stale."The payment dates of the checks were more than six months ago.Gov. Gwendolyn Garcia said the checks can be re-issued. She added that at the end of each year, Capitol always discovers old checks.Banks may refuse to accept a check that is more than six months old unless its drawer reconfirms payment by revising the date or issuing a new one. ...

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