Tally

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Supratim Ghosh (Querist)
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13 June 2013 Respected Sir
Im Supratim Ghosh from kolkata. I want to know the journal entry when received cheque from party and what is the journal entry when this cheque deposit into bank and what is the journal entry when the cheque bounced.
Pl help me as soon as possible
Regards Supratim Ghosh.
All the entry in tally

Ganeshbabu K

Ganeshbabu K (Expert)
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13 June 2013 1)if you receive cheque from party you need to pass bank receipt entry not journal entry..

2)No entry required when cheque is deposited to bank..

3)If Cheque is bounced pass reverse entry which was passed before i.e, bank payment entry.

Thanks & regards
Ganesh babu k

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