Cheque received but amount not credited in account

This discussion addresses how to accurately record a cheque received on 30th March 2024, but credited to the account on 10th April 2024, in Tally Prime. The recommended accounting entry involves two steps: first, recording the cheque as 'Cheque in Hand' under Current Assets when received, and second, debiting the bank account and crediting 'Cheque in Hand' when the amount is actually credited. This ensures your books of accounts reconcile correctly with your bank balance.