Thank you Hasan. My question was asked before you covered this topic. However, I have a question, here, at the end. Please, help!

The company would ask its bank to stop the check with the given number. Mean while, the company will Initiate a Stop to the check. When the bank actually stops the check, the company will void the check in the Payables system. The company can now (or during all this time) send another check to the vendor company or the employee to pay the invoice in question.

Assuming that the beneficiary has received and cashed the second check after declaring the first check lost, then managed to slip through the bank payment security system by presenting and cashing the first check (initially declared lost).

Would be the accounting implication and how the Payables department would handle this scenario?