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wahat is the journal entry for cheque paid for collection
but not collected?
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Answer / albin
firm enters only "sent for collection
ie.bank A/C Dr
To cash
| Is This Answer Correct ? | 41 Yes | 17 No |
Answer / promoth
Cheque paid to party/vendor
Party A/c Dr
To bank a/c
Paid cheque dishonored
Bank A/c DR
To Party A/c
Cheque received but not collected
Bank sub a/c
To party A/c
Cheque sent for collection
Bank A/c Dr
To bank Sub A/c
bank sub a/s is a clearing a/c
Cheque sent for collection dishonored
Party A/c dr
To Bank a/c
| Is This Answer Correct ? | 17 Yes | 4 No |
Answer / lakshman
Bank A/c xxxx
To party A/c xxxx
this entry is chq. issued time
But cheque is passed in Bank
this is only for BRS Reconcile
(or)
Chq. Return entry
party a/c xxxx
to Bank xxxx
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / surya
If you give a cheque to your vaedor but vendor is not incash the cheque,The entry will be.
Vendor Account DR.
To Sub bank Account.
After conformation from bank that cheque is in-cash then,
Sub-Bank acct dr.
to main bank acct. cr.
finally:
Vendor account dr.
to main bank acct ..cr
In this way companies are maintain their account book and reconcile with the bank book......
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ilangovan
Customer A/c Dr.
To Bank Cr.
Bcoz when we were presented the cheque to banker at that
time we had passed one entry i.e
Bank A/c Dr.
Customer A/c Cr.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / praveen singh
When check sent for collection entry will be:
Bank Account Dr. xxxx
To Cash Account xxxx
When check not collected, entry will be:
Accounts Receivable Account Dr. xxxx
To Bank Account xxxx
| Is This Answer Correct ? | 6 Yes | 8 No |
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
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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