Accounting Entries for Issuance / Payment of a Demand Draft

Customer a requests for issuance of a Demand Draft in favour of Mr.

B.
Cash / Dr. Cash / Cr.
to A/c D.D D.D. D.D. to A/c

ZAMZAMA
ZAMZAMABRANCH
BRANCH GULBERG
GULBERGBRANCH
BRANCH
KARACHI
KARACHI LAHORE
LAHORE
Will pass Entries: On receipt of IBCA from Zamzama
Dr. Cash / Customer Accounts Br. Karachi, Gulberg Br. Lahore will:
Cr. Income A/c - Comm. & Charges
Dr. MO A/c - Zamzama
Cr. Withholding Tax etc.
Cr. B/P Gen.- DD Payable
Cr.MO A/c of Gulberg Br. And prepares IBCA
And on presentation of D.D:
Original Dr. B/P Gen. - DD Payable
2nd Copy Cr. Cash / Customer A/c
3rd Copy
Office Copy

CENTRAL
CENTRALRECONCILIATION
RECONCILIATIONDEPARTMENT
DEPARTMENT
 Accounting Entries for Issuance of a Demand Draft
On-Line Banking

Customer A of Zamzama Karachi branch requests for issuance of a DD in favour of Mr. B.

drawn on our Gulberg Lahore branch.

D.D D.D D.D

ZAMZAMA
ZAMZAMABRANCH
BRANCH GULBERG
GULBERGBRANCH
BRANCH
KARACHI
KARACHI LAHORE
LAHORE

Dr. Customer A. (CD/SB) Accounts Dr. MO A/c - Zamzama Branch., Karachi

(on strength of a cheque) (on Line/Auto generated entry)
Cr.MO A/c of Gulberg Br. Lahore Cr. Bills Payable A/c-DD Payable
(computer generated entry) (On presentation of DD for Payment)

Cr. Income A/c - Comm. on Remit Dr. Bills Payable A/c DD Payable
Cr. Customer A/c or Cash