CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION
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Answer / r.bhaskar rao
If cheque was dissonored, the party ABC account is credited
by RS.22,000 and bank account is debited by RS.20,000 and
also discount received account is debited by Rs.2,000
| Is This Answer Correct ? | 22 Yes | 5 No |
Answer / deeak rawat
Abc DR
Bank Account CR
Discount CR
If Cheque Dishonered
Bank Charges DR
Bank Account DR
Abc CR
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / 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 |
Answer / max
Entry from the Issuing Party Debit Credit
Accounts Payable - ABC 20,000.00
Cash in Bank 20,000.00
To record payment to ABC
Purchased Discount 2,000.00
Miscellaneous Income 2,000.00
To record discount received upon payment
ABC Party Entry
1.Cash 20,000.00
Accounts Receivable 20,000.00
To record Cheque Collection
2.Sales Discount 2,000.00
Cash 2,000.00
To record cash payment of Sales Discount
3. Accounts Receivable 20,000.00
Cash 18,000.00
SAles Discount 2,000.00
Cheque collection uncleared at Bank
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rakesh kumar
abc company a/c dr 22000
to bank a/c 20000
to discount receive 2000
bank a/c dr 20000
to abc company a/c 20000
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / mohd rashid
at the time of issuing cheque to party
abc a/c dr 22000
to bank a/c cr 20000
to dis received 2000
and when cheque dissonored
bank a/c dr 20000
dis received a/c dr 2000
to abc cr 22000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kanwarpal
cheque issue entry:-
ABC A/c Dr - 18000
Bank a/c cr - 18000
Discount entry:-
ABC a/c DR- 2000
Pur Disc CR- 2000
Cheque Dissonored entry:-
Bank a/c Dr-18000
ABC a/c CR-18000
Bank A/c CR (Chq Dissonored chg)for example 100/-
Bank Chg A/c DR (Chq Dissonored chg) for example 100/-
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / 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
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / 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
| Is This Answer Correct ? | 0 Yes | 0 No |
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