What is the Journal Entry for a Cheque Received?

by Sunil
(Kathmandu, Nepal)

Journal entry for a cheque received

Q: What is the journal entry for the following:

Received cheque from a debtor Rs1,00,000

(this means 100,000 Rupees - Indian currency)

Comments for What is the Journal Entry for a Cheque Received?

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Entry for cheque received by a debtor
by: Aryan Mangal

Bank A/C Dr. 1,00,000
To Debtor A/C 1,00,000

The entry should be like
by: Treasa

Bank A/C Dr 1,00,000
To Debtor's A/C 1,00,000

by: Anonymous

Trade receivable
Short term borrowing

by: Anonymous

Cheque in hand a/c 100000
To debtor 100000

Cheque Receiving Entry
by: Santosh

Who have given cheque - its not debtors its creditor right?

It's debtors.

Creditors are people you owe. Debtors are people who owe you.

- Michael Celender
Founder of Accounting Basics for Students

The Entry
by: Krishna

Bank a/c Dr . 100000
To Debtors. 100000

by: Anonymous

Debit : Bank/Cash
Credit : Party

by: Anonymous

A/c # 100000
Customer 100000

Answer cheque receivable entry
by: Kong chenda

A/R or N/R...............1,000,000.00
To record received payment from debtor.

Entry for Cheque Received
by: Bilal Wahid

Debit the bank and credit the party to whom the cheque is received

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