what is journal entries for cheque dishonored?
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Answer Posted / vpnarasimhan@gmail.com
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 ? | 27 Yes | 11 No |
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