Accountancy, asked by patelyogendra90687, 8 months ago

cheque sent for collection but not collected means and treatment in BRS?

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Answered by Anonymous

9

Answer:

A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm's account as soon.

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