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wahat is the journal entry for cheque paid for collection
but not collected?








Question Posted / promoth

Answer Posted / 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

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