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A check deposited in a saving account is shown as credited in clear balance in the passbook while the other check deposited next day is shown as pending clearance. Can a bank later on debit the amount of the 1st check unilaterally,once it is cleared by bank.
2 4466What will be the journal entry for cheque receive as incim from xyz co. Without tds .and what will be the entry if same cheque deposited into bank ?
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