wahat is the journal entry for cheque paid for collection
but not collected?
Answer Posted / hari sanku
When cheque issued
Party Account dr
To Bank Account
Any difference in bank account and Cash account will be
found in BRS.
If it is honoured
No need to pass a new entry as we alreday passed one.
If it is dishonoured, Reverse the initial entry:
Bank Account Dr
To Party Account
Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
Why do you want to be an accountant?
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
What is the Technology used to carry out trades? Pls Tell me as early as possible.
Other accounting interview questions to expect when you interview for an accountancy job include:
Define partitioning in accounting?
Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?
payment voucher for advance salary
How do you build a successful business relationship?
What is departmental accounting? Give an example
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
how pass journal entry in the month ending for input vat and out put vat
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
What all are the documents need to check for a supplier payment?
What does it mean to do accounting training outside of public practice?
purchase return liability or asset?should it be included in the balanced sheet?