What is the journal entry for cancelling a cheque?

Questions by prashanthi2288

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sunil kumar

  • Sep 28th, 2014

for issuing a check : party dr...to bank.
for cancellation bank to party.

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  • Oct 30th, 2014

For issuing a Cheque : Party A/c Dr Bank A/c Cr
For Cancelling : Party A/c Cr Bank A/c Dr

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Shihab Emon

  • Dec 29th, 2014

Chq cancelled means its not yet cleared by bank & the bookkeeper booked his first entry while issue the Chq

Payable/Party - Dr
Pdc Issued or Bank - Credit

So on the Chq cancelation entry should be reversal of first entry...
Pdc issued or Bank - Dr
Payable/Party - Cr

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pankaj verma

  • Jan 13th, 2016

What is the journal entry for the loss caused by tearing a cheque?

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  • May 9th, 2016

When reversing, How if we Dr Bank a/c and Cr Cheques cancelled a/c. Cos, if we Cr. the supplier, again he will be appearing in the age analysis and so on.....

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  • Dec 27th, 2016

If you have to issue another cheque, for the cancelled cheques. What will be the entry?

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Aman Raj

  • May 31st, 2017

Bank A/c Dr.
To Party A/c Cr

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Muhammad Ikhlaque

  • Sep 27th, 2017

Would it be a Bank receipt voucher of Journal Voucher

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