what is the journal entry of cheque endorsement?

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Solution

Dear student,
The journal entries are as follows:

DATE PARTICULARS LF DEBIT AMOUNT(RS) CREDIT AMOUNT(RS)

Cheque in hand a/c dr..
To A
(being cheque received from say A - a debtor) xxx

xxx

B dr..
To cheque in hand
(being cheque received from A endorsed to say B a creditor) xxx

xxx

Regards

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DATE	PARTICULARS	LF	DEBIT AMOUNT(RS)	CREDIT AMOUNT(RS)
	Cheque in hand a/c dr.. To A (being cheque received from say A - a debtor)		xxx	xxx
	B dr.. To cheque in hand (being cheque received from A endorsed to say B a creditor)		xxx	xxx

what is the journal entry of cheque endorsement?

Dear student, The journal entries are as follows: DATE PARTICULARS LF DEBIT AMOUNT(RS) CREDIT AMOUNT(RS) Cheque in hand a/c dr.. To A (being cheque received from say A - a debtor) xxx xxx B dr.. To cheque in hand (being cheque received from A endorsed to say B a creditor) xxx xxx Regards

Dear student,
The journal entries are as follows:

DATE PARTICULARS LF DEBIT AMOUNT(RS) CREDIT AMOUNT(RS)

Cheque in hand a/c dr..
To A
(being cheque received from say A - a debtor) xxx

xxx

B dr..
To cheque in hand
(being cheque received from A endorsed to say B a creditor) xxx

xxx

Regards