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 / prasanta kumar pradhan
When cheque is received from customer on 2nd feb-
bank incoming dr.
customer a/c cr
For Cheq. deposit on 3rd Feb-
bank main a/c dr
bank incoming a/c cr
For Cheq. Cleared on 5th Feb.
bank main a/c dr
customer a/c cr
For check Dishonored:
customer a/c dr
bank outgoing a/c cr
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