Accounting of DD drawn
This query is : Resolved
20 July 2009
Dear Experts,
If a DD has been drawn in favour of a third party from the company's regular bank account and keep pendng to issue, how should it be accounted in books. Should it be accounted as cash drawn from bank.
Thanks
If a DD has been drawn in favour of a third party from the company's regular bank account and keep pendng to issue, how should it be accounted in books. Should it be accounted as cash drawn from bank.
Thanks
20 July 2009
This problem is facing all offices. in my opinion it should not be shown as cash drawn as cash balance will be effected. i suggest you to keep showing this DD in Bank reconciliation statement till it is issued to the party.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
