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Payment entry

Accounting Entries 328 views 3 replies

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

 

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

In case of cheque amount received,

the entry will be

Bank account Dr 

To Party account.


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