Answer / hari sanku

When cheque issued

Party Account dr
To Bank Account

Any difference in bank account and Cash account will be
found in BRS.

If it is honoured
No need to pass a new entry as we alreday passed one.

If it is dishonoured, Reverse the initial entry:

Bank Account Dr
To Party Account

Answer / dhananjay

account recivable dr.
to, bank

Answer / samarth

There will be 2 entries:

When cheque is sent for collection:
Cash a/c Dr.
To Bank a/c

When cheque is realized:
Bank a/c Dr.
To Cash A/C

Answer / sangeethag

Suspense/undeposited fund a/c Dr. ****
To Debtors ****

when collected the cheque

Bank a/c dr. *****
To Suspense/undeposited a/c

Answer / sr

Cheque collected:

Customer (A/R) Dr.
Bank clearing a/c Cr.

When Cheque is cleared:

Bank clearing a/c Dr.
Bank account Cr.

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