Question

Jounal entry of premas cheque deposited into bank?

Answer 1

Answer:

The entry will be a normal journal entry for goods sold i.e.,

Bank A/c Dr.

To Sales A/c

The point of cheque received but not deposited is to be considered in Bank Reconciliation Statement…

Alternatively, you can write the following journal entry:

Cash A/c Dr

To Sales A/c

And at the time of deposit:

2. Bank A/c Dr

To Cash A/c

Explanation:

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Answer 2

Answer:

the entry will be normal journey