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Journal entry for cheque issue but not yet realised.
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Answer Posted / suryakant lokhande
1.When Cheque issued then entry is:
By Party A/C Dr
To Bank A/C Cr
(Being Cheque Paid)
2.At the time of Reco Entry is:
By Bank A/C Dr
To Party Cr
(Being Cheque not yet realised)
| Is This Answer Correct ? | 8 Yes | 16 No |
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