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if the chq is dishonored which entry will be passed????????
give example entry
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Answer / g.v.s. ravi sharma (bhilai)
Normally when the cheque(ICICI) is received against commission and deposited into IDBI bank and gets dishonoured.
in such case (normally)entry will be
IDBI Bank ..................... dr.
Commission Received .................... cr.
in dishonoured case entry will be
commission received ..................dr.
IDBI bank.............................cr.
(for this a journal voucher should be attached.
| Is This Answer Correct ? | 1 Yes | 0 No |
What accounts are to be debited and credited in this case o
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
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