I have received cheque on 20.03.07 & I have not deposited it into bank till 31.03.07 (end of the financial year.)
so what entry should i pass in my books on 31.03.07?
9 Replies
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 13 October 2007
Cheques in Hand Account Dr.
To Party Account
(Guest)
Had you deposited, the obvious entry would have been Bank A/c Debit and credit from whom you received. But since u said u have not deposited, you can as of now pass entry Cheque in hand A/c debit and credit the concerned account. After you deposit, you can pass Bank debit and cheque in hand credit.
Vijay K. Agrawal
(Service)
(608 Points)
Replied 26 October 2007
you made entry in the books of account by Dr to bank and cr to party.
this entry will reflect in bank RECO.
you can not Dr. Cheque in hand A/C
Ankit Dangayach
(Chartered Accountant)
(691 Points)
Replied 29 October 2007
Cheques in Hands DR
To Party A/C
Cheques in Hands Will be shown as seprate item in Schedule of cash & Bank Balance
bukbuk
(fgsfsagfsg)
(105 Points)
Replied 07 April 2008
Where Cheques in hand to sbe shown in the Balance sheet?
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