Interested to Buy Any Domain ? << Click Here >> for more details...
wahat is the journal entry for cheque paid for collection
but not collected?
- 15 Answers
- 55072 Views
- Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / albin
firm enters only "sent for collection
ie.bank A/C Dr
To cash
| Is This Answer Correct ? | 41 Yes | 17 No |
Answer / promoth
Cheque paid to party/vendor
Party A/c Dr
To bank a/c
Paid cheque dishonored
Bank A/c DR
To Party A/c
Cheque received but not collected
Bank sub a/c
To party A/c
Cheque sent for collection
Bank A/c Dr
To bank Sub A/c
bank sub a/s is a clearing a/c
Cheque sent for collection dishonored
Party A/c dr
To Bank a/c
| Is This Answer Correct ? | 17 Yes | 4 No |
Answer / lakshman
Bank A/c xxxx
To party A/c xxxx
this entry is chq. issued time
But cheque is passed in Bank
this is only for BRS Reconcile
(or)
Chq. Return entry
party a/c xxxx
to Bank xxxx
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / surya
If you give a cheque to your vaedor but vendor is not incash the cheque,The entry will be.
Vendor Account DR.
To Sub bank Account.
After conformation from bank that cheque is in-cash then,
Sub-Bank acct dr.
to main bank acct. cr.
finally:
Vendor account dr.
to main bank acct ..cr
In this way companies are maintain their account book and reconcile with the bank book......
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ilangovan
Customer A/c Dr.
To Bank Cr.
Bcoz when we were presented the cheque to banker at that
time we had passed one entry i.e
Bank A/c Dr.
Customer A/c Cr.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / praveen singh
When check sent for collection entry will be:
Bank Account Dr. xxxx
To Cash Account xxxx
When check not collected, entry will be:
Accounts Receivable Account Dr. xxxx
To Bank Account xxxx
| Is This Answer Correct ? | 6 Yes | 8 No |
how can we copy and paste an whole entry in tally9?
HI EVERYONE I WANT TO KNOW, CAN WE ISSUE DEBIT NOTE OR CREDIT NOTE AGAINST STOCK TRANSFER , IF WE ISSUE OR NOT ISSUED THENY WHY PLZ EXPLAIN
A business sold goods valued at R1000 excluding vat on credit to a customer. What would be the debit to the customers account if vat is 14% ?
what is the Difference between CC & OD accounts
4 Answers Amul, ITC Infotech, Northern Trust,
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
i have query on bank reco. pls suggest me on my following question my bank bal as on 31.3.09 was rs 700000 but after reconsilation it was 100000 because there was two three cheque was ulcleard. which bal should i take in new FY & how i show into account
what is debit balance report in SAP?. how do you describe DB report in brief.
What is the Difference Between Sales Tax and VAT ?
what is account reconcillation
What do you mean by Accountancy and Accounts?
What is the difference between the service organisation and trading organisation
why Prepaid Expense is treated as an asset & what will be its journal entry using golden rules of accounting.
Audit 
