what is journal entries for cheque dishonored?
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If is acheque recd from customer and is dishonoured
1At the time of deposit
Bank a/c Dr
To Customer a/c
2.when the cheque was dishonoured we have to reverese it
Customer a/c Dr
To Bank a/c
| Is This Answer Correct ? | 568 Yes | 51 No |
Answer / m jan
When cheque dishonored the entry will be;
Customer a/c
To Bank A/c
| Is This Answer Correct ? | 287 Yes | 29 No |
Answer / anjali
at the time of deposit
bank
to customer
at the time ofishonour
customer
to bank
| Is This Answer Correct ? | 95 Yes | 15 No |
Answer / nupur shah
Customer a/c Dr
To Bank a/c
It is reverse entry of ceq.deposite in to Bnak
| Is This Answer Correct ? | 70 Yes | 14 No |
To Ram A/c Dr. 5000.00
By Bank A/c 5000.00
| Is This Answer Correct ? | 100 Yes | 72 No |
Answer / vpnarasimhan@gmail.com
In case of a cash withdrawal we wud hv passed Contra & that
has to be reversed. In case of a customer's cheque bounced I
suggest we can pass an entry as good as what we will do for
payment (in narration we hv to explain everything) At any
point of time the entry should not be canceled since the
bounced chq has to appear in customer's ledger to exhibit in
future.
| Is This Answer Correct ? | 27 Yes | 11 No |
Answer / mukesh sharma
CUSTMOR A/C DR
TO BANK A/C
CHQ RETURN ENTRY
BANK A/C DR
TO CUSTOMT A/C
| Is This Answer Correct ? | 41 Yes | 33 No |
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EXPAND_________SEB
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
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