Question

6.
1 point
If Cheque is not deposited in the bank on
the same day the receipt of cheque is
debited to
account​

Answer 1

Answer:

yes

Explanation:

because the bank system

Answer 2

Answer:

When a cheque received is not deposited on the same day, it is taken in the cash account and when it is deposited in bank, then a contra entry is passed.  For example cheque received from Ram on 15th March is deposited on 18th March, following entries will be passed

Explanation:

15/3   Cash A/c     Dr.

              To Ram

(On receipt of cheque)

18/3   Bank A/c     Dr.

             To Cash A/c