when cheque deposited into bank for collection and that is
not cleared yet what is the entry for it?
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Answer Posted / 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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over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
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