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

Answer Posted / sarin mohan

ABC A/C DR 22000
TO BANK A/C 20000
TO DISCOUNT RECIEVED 2000

When the CHEQUE DISSONORED the entry is
BANK A/C DR 20000
DISCOUNT RECIEVED DR 2000
TO ABC A/C 22000

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