أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Journal Entries
1. To record sales
Customer A/c Dr.
To Sales A/c Cr.
2. Cheque received deposited
Bank A/c Dr.
To Customer A/c Cr.
3. Cheque Dishonoured
Customer A/c Dr.
To Bank A/c Cr.
1) Accounting Entry when sale took place:
Receivables Debit
Sales Credits
2) Accounting Entry for when payment received:
Bank Debit
Account Receivable Credit
3) Accouting Entry - dishonoured cheque:
Account Receivable Debit
Bank Credit
1. Sold on Account
Account Receivable Dr
Sale Cr
2.Received cheque against sales
Cash Dr
Account Receivable Cr
3. Received cheque against sales, when it deposited into bank on same day.
Bank Dr
Account Receivable Cr
4.Checque dishonoured by the bank,
Account Receivable Dr
Bank Cr
Sales Entry
Customer A/c Dr
Sales A/c Cr
Receipt Entry
Bank Receivables Dr
Customer A/c Cr
Deposit Entry
Bank A/c Dr
Bank Receivables Cr
Dishonoured Entry
Customer A/c Dr
Bank Charges Dr
Bank A/c (chq amnt) Cr
Bank A/c (Charges amnt) Cr
journal entry to record sales
Bank Account Dr
To Sale
On dishonoured cheque
Debtors Account Dr
to Bank
to Bank Charge
Once we receive the cheque and deposited to the bank :
BANK A/c Dr
To Sundry Debtors A/c
And one it dishonored :
Sundry Debtors A/c Dr
To Bank A/c
Journal entries
1- To record sales
Customer Dr
to / Sales Cr
2- Cheque Recieving from client
Accounts recievable Dr
to Customer
3- Sending Cheque to the Bank
Cheque under collection Dr
to Account receivable
4 - Cheque Dishonoured
Cheque Dishonoured Dr
to Cheque under collection
5- Sending Sheque back to the client
Customer Dr
to Cheque Dishonoured Cr
