received a cheque from ratiram which was not be deposited to bank
Answers
Answered by
0
Answer:
can you explain what is this????
Answered by
2
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:
15/3 Cash A/c Dr.
To Ram
(On receipt of cheque)
18/3 Bank A/c Dr.
To Cash A/c
(On deposit of cheque in the bank)
Please mark as brainliest
Similar questions