when cheque deposited into bank for collection and that is
not cleared yet what is the entry for it?



when cheque deposited into bank for collection and that is not cleared yet what is the entry for it..

Answer / rakesh

when u deposit the cheque in the bank on the time... u will
dr. the bank and cr. the party

but until chq become dishounered u cann't entered the
revers entery of that...... u can only wait...

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