CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
Answer Posted / r kaduruvelu
THE FIRST ENTRY WOULD BE:
ABC a/c Dr. 22000
TO BANK a/c 20000
TO DISCOUNT RECIEVED a/c 2000
AFTER DISHONOUR THE ENTRY WILL BE:
cheque dishonoured a/c Dr 20000
DISCOUNT RECIEVED a/c Dr. 2000
TO ABC a/c 22000
(BEING CHEQUE ISSUED TO ABC
DISHONOURED)
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
How is the accounting for hire purchase transactions done?
What do we mean by Redemption of shares and debentures?
As you know account executives need to be talented salespeople. Do you have experience making sales?
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Where do generally accruals appear on the balance sheet?
what is mean by sample account and data transfer rule in SAP FI?
what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
Why an Expenditure is called Differed?
what is the basic difference between pooling of interest method and purchase method in amalgamation
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
What a deferred asset is and give an example?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
What is the fictitious assets?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.