Question

When a cheque is received from someone, which a/c will be debited (cash or bank)?

My friend mentioned that 'If a cheque is received and is not deposited in the bank on the same day, it is debited to cash a/c taking it to be cash'.

But in some of the transaction it is Bank a/c Dr To someone's a/c and in some it is Cash a/c Dr To someone's a/c.

What is the correct journal entry for cheque received?

Please explain with examples.

Answer 1

Mate, if your recieve a cheque obviously have to debit bank.

but if you have a cheque which isn't deposited yet then cheques in hand will be debited.

or you can also debit cash account.

thanks... mark it as brainliest answeer.