Cheque

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ADV Ramesh Tiwari (Querist)
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05 August 2019 Hi dear
How are you
1. My question that one bill generate 10000
Party name Subham tiwari and same time after Cheque give Rohit name when to bill generate subham name how jarnal entry

Gokul Sharma

Gokul Sharma (Expert)
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05 August 2019 tiwari ji your question is not clear.

Message likes : 1 times

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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19 July 2024 Hello! I'm here to help. Based on your question, it seems like you're asking about the journal entry to record a transaction where a bill is issued to one party (Subham Tiwari) but a cheque is received from another party (Rohit).

Here’s how you would record this transaction in your books:

### Journal Entry:

When the bill is generated in the name of Subham Tiwari:

1. **To record the sale or service rendered:**
- Debit: Accounts Receivable - Subham Tiwari
- Credit: Sales or Service Income

```
Accounts Receivable - Subham Tiwari Dr.
To Sales (or Service Income) Cr.
```

2. **When the cheque is received from Rohit:**
- Debit: Bank Account (or Cash Account if cash is received)
- Credit: Accounts Receivable - Subham Tiwari

```
Bank Account (or Cash Account) Dr.
To Accounts Receivable - Subham Tiwari Cr.
```

### Explanation:

- **First Entry (Bill to Subham Tiwari):**
- This records the sale or service provided to Subham Tiwari, creating an account receivable from Subham Tiwari.

- **Second Entry (Cheque from Rohit):**
- When you receive the cheque from Rohit, you debit your bank account (or cash account) to record the receipt of funds.
- You credit the accounts receivable account related to Subham Tiwari to reduce the amount owed by Subham Tiwari.

### Additional Notes:

- Ensure that the amounts and accounts used in the journal entries correspond accurately to your business transactions.
- It’s important to maintain proper documentation for both transactions to support the journal entries, including invoices, bills, receipts, and bank records.

If you have more specific details or different circumstances, feel free to provide more information, and I can adjust the response accordingly!

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