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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?

Answer Posted / 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

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