Journal entry for cheque received and deposited in bank
Asked by admin @ in Accountancy viewed by 495 People
What is the journal entry of deposit cheque into bank
Answered by admin @
Answer:
BANK A/C DR
TO CASH
Explanation:
IF WE DEPOSIT THE CHEQUE WHICH WE RECEIVED EARLIER, THEN AT THE TIME OF RECEIVING CHEEQUE , IS TREATED AS CASH, AND LATER ON WE DEPOSIT IN BANK , HENCE THE CASH DEPOSITED.
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