Cheque Deposited But Not Cleared Journal Entry
W he n we received C heque / Check From Our Customer Or Debtor a nd deposited into b a nk on t he same date, the n we record t he e ntry on cas h b ook eve nt hough it is not recorded, cleared or credited b y the b a nk in our b a nk’s account. T he followi ng entry is recorded for c heque received a n d deposited i nto b a nk w hich is still not cleared b y the b a nk: Ba nk a/c XXX Accounts Receivab le a/c XXX (Cheque Received from Customer) As still the e ntry is not recorded b y b a nk and h ence as a result the cas h b ook b a nk column increases and t he credit ...