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wahat is the journal entry for cheque paid for collection
but not collected?








Answers were Sorted based on User's Feedback



wahat is the journal entry for cheque paid for collection but not collected? ..

Answer / albin

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

Is This Answer Correct ?    38 Yes 14 No

wahat is the journal entry for cheque paid for collection but not collected? ..

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 3 No

wahat is the journal entry for cheque paid for collection but not collected? ..

Answer / shyam singh rana

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

Is This Answer Correct ?    17 Yes 5 No

wahat is the journal entry for cheque paid for collection but not collected? ..

Answer / alka soni

Cash a/c
To bank a/c

Is This Answer Correct ?    7 Yes 1 No

wahat is the journal entry for cheque paid for collection but not collected? ..

Answer / dhananjayan

No entry passed as this is a BRS item.

Is This Answer Correct ?    11 Yes 6 No

wahat is the journal entry for cheque paid for collection but not collected? ..

Answer / accountant

BANK ....A/C
TO / CASH

Is This Answer Correct ?    3 Yes 0 No

wahat is the journal entry for cheque paid for collection but not collected? ..

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

wahat is the journal entry for cheque paid for collection but not collected? ..

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

wahat is the journal entry for cheque paid for collection but not collected? ..

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

wahat is the journal entry for cheque paid for collection but not collected? ..

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

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