Writeen on cheque leaf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 June 2014 Pay to SELF
Pay to Yourself
What is meaning of above cheque issued in faviour of self and Yourself by the company to the bank and also journal entry of cheque issued.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 June 2014 generally such cheques are issued in company for withdrawal of cash to meet to expenses incurred in cash.

the entry would normally be

Cash Dr

To bank Ac

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