cheque received from navin endorsed to pravinin full settlement of his account for 9800 rs...how should this transaction be recorded in triple column cash book?
Dear Student,
1) If cheque is received and endorsed on the same day, then it will not be shown in Triple-Column Cash Book. A Journal entry for the same is passed.
Pravin Dr.
To Navin
To Discount Received A/c]
2) If cheque is received and endorsed on different dates, then the following will be its treatment in Triple-Column Cash Book.
Hope this answers your query.
Keep posting for further doubts!!
1) If cheque is received and endorsed on the same day, then it will not be shown in Triple-Column Cash Book. A Journal entry for the same is passed.
Pravin Dr.
To Navin
To Discount Received A/c]
2) If cheque is received and endorsed on different dates, then the following will be its treatment in Triple-Column Cash Book.
| Cash Book | |||||||||||||
| Cr. | |||||||||||||
| Date | Particulars | L.F. | Cash (Rs) |
Bank (Rs) |
Discount (Rs) |
Date | Particulars | L.F. | Cash (Rs) |
Bank (Rs) |
Discount (Rs) |
||
| Date of Receipt | Navin | 9,800 | Date of endorsement | Pravin | 9,800 | Discount Amount | |||||||
Hope this answers your query.
Keep posting for further doubts!!