Answer / albin

firm enters only "sent for collection
ie.bank A/C Dr
To cash

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

Answer / shyam singh rana

bank a/c--------------dr
to cash a/c

Answer / alka soni

Cash a/c
To bank a/c

Answer / dhananjayan

No entry passed as this is a BRS item.

Answer / accountant

BANK ....A/C
TO / CASH

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

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......

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.

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

sold goods on credit rs 10000

0 Answers  

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