Dear sir
In retail trading normally we have to provide security cheque to suppliers. Making the entry in suppliers ledger does not reflect the actual outstanding. Plz suggest how to make entry in books.
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Security Cheque to Supplier and its entry in books of purchaser
Replies (3)
Quick Summary
Dr. Supplier
Cr. Bank
Or in the bank leger debit supplier
In the supplier ledger credit bank
Dear Sir.
What if the cheque is open dated?? The same entry should be passed or else.
Yes. Thats a brs issue
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