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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is journal entries for cheque dishonored?
 Question Submitted By :: Pradeep
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is journal entries for cheque dishonored?
Answer
# 1
Custumer A/c Dr
TO Bank A/c
 
Is This Answer Correct ?    156 Yes 20 No
Mohamed Siddiq
 
  Re: what is journal entries for cheque dishonored?
Answer
# 2
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 ?    47 Yes 42 No
Ravipolina
 
 
 
  Re: what is journal entries for cheque dishonored?
Answer
# 3
In case of a cash withdrawal we wud hv passed Contra & that
has to be reversed. In case of a customer's cheque bounced I
suggest we can pass an entry as good as what we will do for
payment (in narration we hv to explain everything) At any
point of time the entry should not be canceled since the
bounced chq has to appear in customer's ledger to exhibit in
future.
 
Is This Answer Correct ?    12 Yes 3 No
Vpnarasimhan@gmail.com
[Mats Engineering Pvt Ltd]
 
  Re: what is journal entries for cheque dishonored?
Answer
# 4
To Ram A/c Dr. 5000.00
By Bank A/c 5000.00
 
Is This Answer Correct ?    27 Yes 11 No
Raja Mohamed
 
  Re: what is journal entries for cheque dishonored?
Answer
# 5
1st we have to reverse the entry of depositing the check
into the bank :
dr. check a/c
cr. bank a/c
then we have to return the check to customer a/c:

dr. customer a/c
cr. check a/c
 
Is This Answer Correct ?    14 Yes 20 No
Dudu
 
  Re: what is journal entries for cheque dishonored?
Answer
# 6
BANK A/C Dr.
customer a/c cr.
 
Is This Answer Correct ?    12 Yes 36 No
Prasanta
 
  Re: what is journal entries for cheque dishonored?
Answer
# 7
If is acheque recd from customer and is dishonoured
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 ?    47 Yes 1 No
Satyanarayana Raju
 
  Re: what is journal entries for cheque dishonored?
Answer
# 8
Cash A/c Dr
To Bank A/c
 
Is This Answer Correct ?    16 Yes 16 No
Sridevi
 
  Re: what is journal entries for cheque dishonored?
Answer
# 9
albin a/c Dr
to federal bank
 
Is This Answer Correct ?    16 Yes 9 No
Albin Francis
 
  Re: what is journal entries for cheque dishonored?
Answer
# 10
CUSTMOR A/C DR
TO BANK A/C

CHQ RETURN ENTRY

BANK A/C DR
TO CUSTOMT A/C
 
Is This Answer Correct ?    16 Yes 8 No
Mukesh Sharma
 

 
 
 
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