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Journal entry for cheque issue but not yet realised.

Answer Posted / suryakant lokhande

1.When Cheque issued then entry is:

By Party A/C Dr
To Bank A/C Cr

(Being Cheque Paid)

2.At the time of Reco Entry is:

By Bank A/C Dr
To Party Cr

(Being Cheque not yet realised)

Is This Answer Correct ?    8 Yes 16 No



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