Yourself cheque to bank?

A/c entries 8916 views 3 replies

Dear friends

If i take DD in favour of XYZ Company.I have current account in bank. If i issue "yourself" chq to bank& attach DD challan.

What is the accounting entry for issuing cheque(yourself chq) to the bank?



Please clarify...

Thx & Regards

malarvannan.d

Replies (3)

xyz A/c Dr.

To Bank  (amount may include bank commission)

 

issue of cheque to bank for issue of draft does'nt mean you have to pass two entries.

Originally posted by : Ravi Khandelwal

xyz A/c Dr.

To Bank  (amount may include bank commission)

 

issue of cheque to bank for issue of draft does'nt mean you have to pass two entries.

xyz a/c dr

bank charges a/c dr

to bank a/c 

 

bank charges = commission for draft


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