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Dr. Chqs Recieved / Account Recievable
Cr . Bank Account
Depends to which account you used when you make the deposit entry
If you are asking about the customer cheque received as payment then the initial journal entry when you depositted current dated cheque in the bank will be " Bank a/c - Debit & customer (Receivables)- Credit" but if the cheque get rejected due to any issue will be recorded as " Receivables - Debit & Bank - Credit".
chq under coll
bank
