Answer / rahul mohta

THE FIRST ENTRY WOULD BE:
ABC a/c Dr. 22000
TO BANK a/c 20000
TO DISCOUNT RECIEVED a/c 2000

AFTER DISHONOUR THE ENTRY WILL BE:
BANK a/c Dr 20000 .
DISCOUNT RECIEVED a/c Dr. 2000
TO ABC a/c 22000
(BEING CHEQUE ISSUED TO ABC
DISHONOURED)

Answer / 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)

Answer / zahid hussain

BANK DR 20000
DISCOUNT RCVD DR 2000
TO ABC A/C CR 22000

JOURNAL ENTRY

Answer / simar

Bank a\c dr 2000
To discount received a\c 2000

Cheque has been dishonured that's why payment entry will
not be passed.

Answer / hemanta

Bank a/c Dr 20000
Discount a/c Dr 2000
To ABC's a/c 22000

Answer / t.saravanan

At the time of cheque issue

ABC Dr Rs.20000.00
Bank Cr Rs.20000.00
Bank Dr Rs.2000.00
Discount Cr Rs.2000.00

At the time of cheque dishonur

Bank Dr Rs.20000.00
ABC Cr Rs.20000.00

This question Not showing the discount return.

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