Journal entry for cheque received and deposited in bank


Asked by admin @ in Accountancy viewed by 498 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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