Cash payment

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When purchasing a new company phone and paying partly by cheque and partly by cash, if the cash portion is returned to your bank account after the cheque clears, it should be treated as a reimbursement. You'll need to pass a contra entry to record the cash deposit into your bank account.

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(Querist)
19 February 2020 i am purchase 1 new phone for co. purpose & i make payment in CHEQUE & CASH. After clearing my cheque party given to me my cash in my bank a/c.

so, how can i treat it.
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 February 2020 you can treat it as reimbursement.
.
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Gokul Sharma

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Gokul Sharma (Expert)
19 February 2020 pass contra entry of cash deposit in bank a/c
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