CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION

Answer Posted / jayadeep h.r

ABC LTD A/C Dr 20,000
To Bank A/c cr 20,000
(For Cheque issue)

Discount A/C Dr 2,000
To ABC LTD A/C Cr 2,000
(For discount)

Bank A/C Dr 20,000
To ABC LTD A/C 20,000
(For Cheques dishonor)

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is difference between budgeting and Forecasting

1211


IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

1710


how to create salary and pf statement in excel sheet?

1489


what type account are below Debentures Bank overdraft

1501


How do you maintain accounting accuracy?

698






Tell me what is the master account?

619


what is the relationship between bookkeeping and accounting?

616


Explain what a deferred asset is and give an example?

633


Explain what is balance sheet?

625


What is the tds effect in balance sheet if tds receipts?

688


Explain me what makes a successful account manager?

630


If a transaction was missed completly how do you find it?

1639


what is the basic difference between pooling of interest method and purchase method in amalgamation

3197


how to enter the tender refund amount in tally ?

3375


While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

1799