CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
Answer Posted / r.bhaskar rao
If cheque was dissonored, the party ABC account is credited
by RS.22,000 and bank account is debited by RS.20,000 and
also discount received account is debited by Rs.2,000
Is This Answer Correct ? | 22 Yes | 5 No |
Post New Answer View All Answers
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
When we paid TDS on commission how will journal entry come
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
please explain all accounting concepts n conventions in detail
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
how to account branches in tally
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
how to get a job in stock markets for MBA-FINANCE?
What is the abbreviation for the accounting terms debit and credit?
Tell me how can you define departmental accounting?
What are the nine accounting cycles?
Why Is The Distinction Between Product Costs And Period Costs Important?
What is normative accounting?
What is the use of 2a, 2b & 2c form in CST ?
Other accounting interview questions to expect when you interview for an accountancy job include: