, Issued cheque to Ashok & Co. in full settlement 4950 journal entry
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When a cheque is received, it may be deposited into the bank on the same day or it may be deposited on another day. In case, it is deposited on the same day the amount is recorded in the bank column of the cash book on the receipts side. ... side and in the Cash Column on the payment (Cr.) side.
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