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when cheque deposited into bank for collection and that is
not cleared yet what is the entry for it?

Question Posted / aboo


when cheque deposited into bank for collection and that is not cleared yet what is the entry for it..

Answer / 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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