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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?
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Answer Posted / cijo
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
Cheque Deposit A/c Dr.
Bank Main A/c
| Is This Answer Correct ? | 6 Yes | 9 No |
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