Answer / simha

When Cheq. is recd from Customer on 2nd Feb.
Cheq. on Hand A/c Dr
To Customer A/c
For Cheq. deposit on 3rd Feb.
Cheq. Deposit A/c Dr.
To Cheq. on Hand A/c
For Cheq. Cleared on 5th Feb.
Main Bank A/c Dr.
To Cheq. Deposit A/c

Answer / viswanath

When cheque is received from customer

Cheques on hand A/c Dr
To Customer A/c

Cheque deposited into the bank

Cheque Deposit A/c Dr
To Cheques on hand A/c

Cheque is Cleared from bank

bank main A/c Dr.
cheque deposit A/c

Answer / vinay

1. Cheques on hand A/c Dr
Clear Customer A/c Cr

2. Bank A/c Dr
Chequest on Hand A/c Cr

3. Bank clearing A/c Dr
Bank A/c Cr

Answer / syed mahaboob

The above answer are not satisfied and very confused. The first answer is the right answer. for a single check it is not correct to use check on hand/check deposit/check clearance. It indicates three difference ledgers instead of one. In this three situation better to use: checking account

Like 2nd feb: checking (SBI) A/C Dr
To Customer (XYZ Co.)

3rd feb: Customer A/C Dr
To checking A/C

5th Feb: Customer A/C Dr
To checking A/C

For check Dishonored:
6th Feb: Checking A/C Dr
To Customer A/c

Note: what can you observe above four entries. First one,last one are the same and Second, third. In hole you can observe only two entries. It is effected customer account in bank and our account in bank. For example: if it is cash, it will effect our cash-box feel same as bank-box.

1. For check deposit: Customer A/C Dr
To Checking A/C

For check Dishonored:
2. Checking A/C Dr
To Customer A/c

So Mr. Judson answer is correct. Pls. followup accordingly.

Answer / laxman

in my point of view whn cheque cqnt be deposited on the same day it is treated as cash and debited in the cash book so
on 2nd feb
cash a/c Dr.
To customer a/c
on 3rd
bank a/c Dr.
To cash
on 5th if cleared effect has already done
if bounce
customer a/c dr
To bank

Answer / prasanta kumar pradhan

When cheque is received from customer on 2nd feb-

bank incoming dr.
customer a/c cr

For Cheq. deposit on 3rd Feb-

bank main a/c dr
bank incoming a/c cr

For Cheq. Cleared on 5th Feb.

bank main a/c dr
customer a/c cr

For check Dishonored:

customer a/c dr
bank outgoing a/c cr

Answer / nitin100kansal

If we have received a check from customer on 02 feb.10,
deposited in bank on 3rd and check cleared on 5th feb. what
are the journal entries should be passed for all three
days? Also, what would be entries if check gets dishonoured
in SAP?

Answer / judson

Debit the bank and credit the customer on 3rd, in-case the check is not honored reverse the entry and raise a debit note for the bank charges.

Answer / cijo

When cheque is received from customer

Cheques on hand A/c Dr
To Customer A/c

Cheque deposited into the bank

Cheque Deposit A/c Dr
To Cheques on hand A/c

Cheque is Cleared from bank

Cheque Deposit A/c Dr.
Bank Main A/c

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