we received amount in one date and deposited in another date so what entry will be come for this
please answer for this as possible
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Payment entry
Replies (3)
1. Cash account Dr.
Party a/c
2. Bank ac/ Dr.
Cash a/c
Cash A/c Dr. To Party A/c
Bank A/c Dr To Cash A/c
Bank A/c Dr To Cash A/c
In case of cheque amount received,
the entry will be
Bank account Dr
To Party account.
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