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entry for cheque bounce

Answers were Sorted based on User's Feedback



entry for cheque bounce ..

Answer / subhash

Dr. ------------------Bank A/c
Cr. ------------------------------ Party A/c

just a reverse workin of payment voucher and
in case of Receipt the cheque

Dr. ---------------- Party A/c
Cr. ---------------- ----------- Bank A/c

Is This Answer Correct ?    53 Yes 5 No

entry for cheque bounce ..

Answer / rajanikar reddy

DebtorsA/C---------Dr
To Bank A/C

Is This Answer Correct ?    21 Yes 2 No

entry for cheque bounce ..

Answer / suman sharma

in case of payment chq bounce:

Dr. Bank A/c
Cr. ------ Party A/c

just a reverse in case of Receipt the cheque :

Dr. ---------------- Party A/c
Cr. ---------------- ----------- Bank A/c

Is This Answer Correct ?    22 Yes 3 No

entry for cheque bounce ..

Answer / sheetal kumar garg

customer a/c dr

To bank a/c

Is This Answer Correct ?    12 Yes 4 No

entry for cheque bounce ..

Answer / tejas birajdar

Do it at the time of Payament- First you have to check that
whether the check has been reterned in the same month if
yes then you no need to pass the payment entry in your
books as the check has been bounsed. from your a/c only
Debit the bank charges OR you have to reclass the payment
entry from your books if the first payament entry has been
recorded.

Do it at the time of Receipt- No need to pass this entry if
the check bounsed in the same month OR Reclass the receipt
entry from your books if you has been passed.

Is This Answer Correct ?    14 Yes 7 No

entry for cheque bounce ..

Answer / vijay

debitor a/c dr
bankchcarges a/c dr 
  to main bank a/c
(payment time)

Is This Answer Correct ?    1 Yes 0 No

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