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CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
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Answer / rahul mohta
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:
BANK 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 ? | 0 Yes | 0 No |
Answer / jayadeep h.r
ABC LTD A/C Dr 20,000
To Bank A/c cr 20,000
(For Cheque issue)
Discount A/C Dr 2,000
To ABC LTD A/C Cr 2,000
(For discount)
Bank A/C Dr 20,000
To ABC LTD A/C 20,000
(For Cheques dishonor)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / zahid hussain
BANK DR 20000
DISCOUNT RCVD DR 2000
TO ABC A/C CR 22000
JOURNAL ENTRY
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / simar
Bank a\c dr 2000
To discount received a\c 2000
Cheque has been dishonured that's why payment entry will
not be passed.
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / hemanta
Bank a/c Dr 20000
Discount a/c Dr 2000
To ABC's a/c 22000
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / t.saravanan
At the time of cheque issue
ABC Dr Rs.20000.00
Bank Cr Rs.20000.00
Bank Dr Rs.2000.00
Discount Cr Rs.2000.00
At the time of cheque dishonur
Bank Dr Rs.20000.00
ABC Cr Rs.20000.00
This question Not showing the discount return.
| Is This Answer Correct ? | 1 Yes | 4 No |
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