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CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
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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
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