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 / viswanath
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
bank main A/c Dr.
cheque deposit A/c
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