Journal entry enrty
This query is : Resolved
28 May 2015
dear experts,
goodmorning
my question is :-
1. should be passed Contra entry for withdraw by self cheque ?
2. May someone give self cheque to someone self cheque for Payment?
goodmorning
my question is :-
1. should be passed Contra entry for withdraw by self cheque ?
2. May someone give self cheque to someone self cheque for Payment?
28 May 2015
Contra entry should be passed for self cheque.
Self cheque cannot be used for payment. Bearer cheque can be used for payment. Only account holder can use self cheque for withdrawing money. Banks asks for id proof at the time of encashing cheques.
Self cheque cannot be used for payment. Bearer cheque can be used for payment. Only account holder can use self cheque for withdrawing money. Banks asks for id proof at the time of encashing cheques.
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