if the chq is dishonored which entry will be passed???????? give example entry

if the chq is dishonored which entry will be passed????????
give example entry

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if the chq is dishonored which entry will be passed???????? give example entry..

Answer / ravi raghunathan

Bank A/c Dr
To Party Account Cr.

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if the chq is dishonored which entry will be passed???????? give example entry..

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.

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