If we have received a check from customer on 02 feb.10,
deposited in bank on 3rd and check cleared on 5th feb. what
are the journal entries should be passed for all three
days?
Answer Posted / cijo
When cheque is received from customer
Cheques on hand A/c Dr
To Customer A/c
Cheque deposited into the bank
Cheque Deposit A/c Dr
To Cheques on hand A/c
Cheque is Cleared from bank
Cheque Deposit A/c Dr.
Bank Main A/c
Is This Answer Correct ? | 6 Yes | 9 No |
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