accounting entry for payments made through self cheques

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Discussion covers accounting for payments via self cheque. One view suggests routing through cash using contra entry, while another allows direct expense to bank entry with proper narration, depending on transaction nature.

rashmi

rashmi (Querist)
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05 June 2010 hi...

I would like to know the accounting entry for payment made through self cheque. Is the following entry correct?

Cash A/c Dr.
to Bank A/c

Expense A/c Dr.
to Cash A/c

We have to route it through bank A/c?

Abhishek

Abhishek (Expert)
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05 June 2010 From the question i understood that you have given self cheque to your creditor on account of some expenses incurred instead of writing the cheque at his name.

If that is the case, you can make the following entry:

Expense a/c Dr.
To Bank a/c

And write proper narration to clarify the transaction

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 June 2010 My view Self cheque always route through cash contra entry. if not while audit the issue will be viewed seriously

rashmi

rashmi (Querist)
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06 June 2010 thnks....

I hav routed it through cash contra only.

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