What is the Journal Entry for Recieved Cheque from Priya 3250?
And how to post it in the cash book.
Ans....Fastzzzz....
The journal entry for cheque received from Priya Rs 3,250 and deposited on the same day in bank is as follows:
Journal | |||||
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
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| Bank A/c | Dr |
| 3,250 |
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| To Priya A/c |
|
|
| 3,250 |
| (being cheque received from Priya) |
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|
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|
| |
Now, for posting it to Cash Book. On the debit side ( i.e receipts side) of Double Column Cash Book (with Bank column) Priya A/c will be shown with Rs 3,250 in the bank column.