Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
increase cash, increase accounts payable
debit Bank 450credit accounts payable 450
posting
Two days for Managing Accounts, One day for Cardholder Accounts
Depositor's account need to be increased by 468 to actually show the correct balance in books of accounts and that is the difference in both amounts.
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
increase cash, increase accounts payable
When making a deposit, the depositor is required to endorse all checks.
debit Bank 450credit accounts payable 450
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
Since 9/11 the Department of Homeland Security has emphasized on banks the importance of requiring proper identification for all depositors. The IRS has also required social security numbers be associated with all bank accounts especially larger ones for years.
....
maths commerce accounts and economics
A Partnership firm is not required to file its annual accounts with the Registrar each year unlike a Limited Liability Partnership or Company. Limited Liability Partnership's and Company's are required to file their annual accounts with Registrar of Companies each year.
should fill the Callean with account number, name of the depositor ,amount in words and amount mentioned in the cheque in numbers sign where is required and drop it where it as to be submitted.
There should be no changes required to the existing accounts. The monies should be moved into an estate account.