I have received cheque on 20.03.07 & I have not deposited it into bank till 31.03.07 (end of the financial year.)
so what entry should i pass in my books on 31.03.07?
Menu
accounts related query
Replies (9)
Did You Deposited 31.03.07 or not?
Cheques in Hand Account Dr.
To Party Account
Had you deposited, the obvious entry would have been Bank A/c Debit and credit from whom you received. But since u said u have not deposited, you can as of now pass entry Cheque in hand A/c debit and credit the concerned account. After you deposit, you can pass Bank debit and cheque in hand credit.
Cheques in Hands Debit
Party Credit
Show Cheques in Hand as a separate line item in schedule of Cash & Bank Balance
i want to know about the graduitycalculation
you made entry in the books of account by Dr to bank and cr to party.
this entry will reflect in bank RECO.
you can not Dr. Cheque in hand A/C
i have a query if i want to increase profit by 25% how it prepare in balancesheet
Cheques in Hands DR
To Party A/C
Cheques in Hands Will be shown as seprate item in Schedule of cash & Bank Balance
Where Cheques in hand to sbe shown in the Balance sheet?
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
