what is the difference between cheque dishounerd and cheque
bounced?
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Answer / ketaki
Cheque may dishonoured due to number of reasons like
mismatch of signature, wrong date or mismatch of amt. in
figure & in words & Generally the cheque will say bounce
when the funds are insufficient.
| Is This Answer Correct ? | 109 Yes | 6 No |
Answer / dharmendra samal
for accounting purpose cheque dishnoured and bounced are
same, but normally there are so many reasons for cheque
dishnoured such as 1. diff. in sig. 2. mistake in amt. in
words and figure 3. mistake in date, but there in only one
reason in case of cheque bounce that is less balance than
the cheque amount.
| Is This Answer Correct ? | 56 Yes | 13 No |
Answer / teena khatri
Cheque dishonoured nd cheque bounced both are same but the difference is that in accounts we use the word dishonoured but in bank the word bounce is used...
Cheque Dishonoured or cheque bounced will be possible in this conditions..
1.difference in sign. 2. Mistake in amount..3. Wrong date etc.
| Is This Answer Correct ? | 12 Yes | 6 No |
Answer / pranay kumar
Cheque Dishonoured is the condition of
1.wrong sing. 2. mistake amount 3.worng amount in word....etc..
and cheque bounced will be possible in this conditions.
when ur fund is insufficient....
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / santosh kumar sahoo
The concept of cheque dishonoured & cheque bounce is nearly same but only difference is that cheque is dishonoured due to Mis matching of sign, wrong date, wrong in amount either in words or figure.
But cheque is bounced due to insufficient funds in account.
| Is This Answer Correct ? | 0 Yes | 3 No |
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How do you deal with a dishonoured cheque in the client trust account records. Manual or computer system?
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