Journal entry for cheque issue but not yet realised.
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Answer Posted / rekha
Here journal entry we cont put, because in issuing a cheque
we are debiting the party a/c so it wont come in journal
entry, we in put in payment entry later will see that in
the bank reconcialization statement.
| Is This Answer Correct ? | 8 Yes | 13 No |
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Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
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