Interested to Buy Any Domain ? << Click Here >> for more details...
CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
- 16 Answers
- 17840 Views
- IBM, OPI Global, I also Faced
- E-Mail Answers
Answer Posted / yogesh
At the time of issue
Bank A/c Dr 20,000/-
Discount A/c Dr. 2,000/-
To ABC A/c 22,000
At the time of dishonour (if discount will be allowed in
any case)
ABC A/c Dr. 20,000
To Bank A/c 20,000
At the time of dishonour (if discount will not be allowed
in case of cheque dishonour)
ABC A/c Dr. 20,000
Discount A/c Dr 2,000
To Bank A/c 22,000
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what type account are below Debentures Bank overdraft
Explain what makes a successful account manager?
Tell me what is project implementation?
What is the provision?
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
What is an operative accounts?
What is recording damage inventory in books of account?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
how in the big companies the budget are prepared and controlled?
formula of reduction in tax credit of vat form 201(gujarat)
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
what is the enty for contract bill raised?
Define public accounting?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
