Cheque received but amount not credited in account

dear respected sir/madam
In my firm cheqe received on 30/march/2024 but amount credited 10/04/2024 how to show in my books of accounts where our book vs bank balance is match please elabrate this with entry in tally prime
thanks in advance πŸ™πŸ™πŸ™πŸ™πŸ™πŸ™
Replies (5)
Quick Summary
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.

Cheque received but amount not credited in account . Its a reconciliation item
Yes but how to entry in tally prime if I am entering the transaction as per cheque date it's mismatch the bank balance with books balance.
Pass the below entry 31.03.2023
Dr. Cheque in hand
Cr. firm
Dr. Bank account 10.04.2024
Cr. Cheque in hand
Cheq in in which group
Under Current assets

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details