Question

hello what is the journal entry of deposited cheque in bank​

Answer 1

Explanation:

The details are not complete to answer. In case cheque is received from Ram, a debtor and cheque deposited in Bank then the entry will be as under:

Bank a/c. Dr.

Ram. A/c. Cr.

In case there are two bank accounts maintained by firm and cheque of one bank say canara bank deposited in other Bank say PNB then entry will be as under:

Bank a/c. PNB. Dr.

Bank a/c. Canara Bank Cr.

In fact on receiving a cheque from debtor, the bank account is debited assuming cheque recd and deposited in the account no separate entry for depisit of cheque. But if one Bank cheque is deposited in another bank for fund transfer, a separate entry as above to be passed.