Received dividend by cheque
In two column cash book
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Answer:
Received dividend by cheque
In two column cash book is:
When the cheque is deposited the entry for deposit will be passed on the day of depositing the cheque into bank. The amount will be recorded on the receipts side in bank column and on the payments side in the cash column. This will become contra entry and should be indicated by 'C' in the L.F columns of the cash book.
It should be noted that when the cheque was received, it must have been recorded in the cash column on the debit (receipt) side of the cash book.
When a cheque received from a debtor on a date subsequent to its receipt is deposited into the bank: Bank column - debit -- Cash column - credit.
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