CA Day celebration 2024 Easy Office
LCI Learning

re:cheque issued & received

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 April 2010 we are a sole proprietor firm.we have issued cheques to parties on 31st march which have not been presented to the bank by parties & we have deposited some cheques which we have deposited but not cleared by bank.
kindly guide me regarding accounting entries for both cases in balance sheet.
Profile Image

CA. RAJESH Kr. MAURYA

Profile Image

CA. RAJESH Kr. MAURYA (Expert)
01 April 2010 1. The cheques received from parties but not presented to bank for clearance,

Cheques received but not encashed DR.
to ABC A/c Cr.



2. The cheques issued to parties but not presented by the parties to bank for clearance,

ABC A/c DR.
to Cheques issued but not presented Cr.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
01 April 2010 My view, no entry is required, do the Bank reconcilation statement and keep. thats enough
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links