Journal entry for cheque issue but not yet realised.

Answer Posted / daljeet singh

AS PER ACCOUNTING STANDARDS JOURNAL ENTRIES SHOULD BE :

When cheque issued:

Party A/c Dr.
To Cheque issued but not realised A/c

When cheque Realised in Bank:

Cheque issued but not realised A/c Dr.
To Bank A/c.

Is This Answer Correct ?    13 Yes 6 No



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