what is journal entries for cheque dishonored?
Answers were Sorted based on User's Feedback
Answer / sheetal kumar garg
If is acheque recd from customer the entry will
1At the time of deposit
Bank a/c Dr
To Customer a/c
2.when the cheque was dishonoured we have to reverese it
Customer a/c Dr
To Bank a/c
Is This Answer Correct ? | 9 Yes | 5 No |
Answer / ravipolina
if deposited cheque dishonoured
cash a/c dr
TO bank
just a reverse entry for deposited because cheque was not
honoured
if with drawl cheque dishonoured
Bank a/c dr
TO cash
just a reverse entry for with drawl because a cheque was
presented for with drawl the banker may dishonour
eg - insufficient funds
Is This Answer Correct ? | 51 Yes | 50 No |
Answer / renu pandey
Customer's a/c Dr
To Bank a/c
Or
Bank a/c Dr
To cash a/c
(Reverse of cash deposited into bank)
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / priyabrat swain
When at the time of cheque received.
Ans: Bank A/c Dr.
To Mr. X A/c Cr.
. When that cheque was dishonored then entry will be pass
Mr. X A/c Dr.
To bank A/c Cr.
Is This Answer Correct ? | 1 Yes | 0 No |
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