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A Cheque of Rs. 20,000 is received from ...

A Cheque of Rs. 20,000 is received from Gitika and the same is endorsed to Zubeda. How it will be recorded in Cash Book ?

Text Solution

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It will not be recorded in the Cash Book. It will be recorded in Journal as follows :
Cheques in Hand A/c `" "`Dr. 20,000
`" "`To Gitika `" "` 20,000
(Cheque received from Gitika )
Zubeda `" "`Dr. 20,000
`" "`To Cheque in Hand A/c `" "` 20,000
(Cheque received from Gitika endorsed to Zubeda)
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