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Bank reconciliation statement

What is the difference between Cheques paid into bank and Cheques deposited into bank


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

02-Sep-20 09:30

25

Answers (5)

Both mean the same.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Sep-20 10:59

Both mean the same.

Assume I have a loan of 1 lakh to bank and I paid it through a cheque In other case I have 1 lakh with me which I have deposited in my account Is it not the difference


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

02-Sep-20 11:02

First case is cheque issued.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Sep-20 11:21

First case is cheque issued.

But that is something when we pay to other person using a cheque


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

02-Sep-20 11:22

But that is something when we pay to other person using a cheque

You do not pay in to the bank.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Sep-20 12:08