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if the chq is dishonored which entry will be passed????????
give example entry
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Answer Posted / sandeep
Before a cheque get issued, they will pass a entry saying,
Vendor A/c Dr...
Bank A/c...........
When its been dishonored by bank, the entry will be:
Bank A/c Dr....
To vendor A/c
(no cash fluctuation will hit to both a/'c, the difference between bank and cash a/c will be found through BRS, after passing the reconciliation entry, both the a/c's will get equal...
Thanks,
| Is This Answer Correct ? | 5 Yes | 1 No |
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