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?
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Answer Posted / simha
When Cheq. is recd from Customer on 2nd Feb.
Cheq. on Hand A/c Dr
To Customer A/c
For Cheq. deposit on 3rd Feb.
Cheq. Deposit A/c Dr.
To Cheq. on Hand A/c
For Cheq. Cleared on 5th Feb.
Main Bank A/c Dr.
To Cheq. Deposit A/c
| Is This Answer Correct ? | 14 Yes | 6 No |
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