CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
- 16 Answers
- 14612 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
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
Tell About ur self what will i say plz help me
Explain purchase day book.
what is a corporate chart of accounts and its purpose?
How Many Accounting Principale
whether bills of exchnge can come under the category of reserves and surplus
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
How do you handle rejection?
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
what is retention? how caculate on asset
what do you mean by Firm
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
What Is Responsibility Accounting?
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
