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what is journal entries for cheque dishonored?
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If is acheque recd from customer and is dishonoured
1At the time of deposit
Bank a/c Dr
To Customer a/c
2.when the cheque was dishonoured we have to reverese it
Customer a/c Dr
To Bank a/c
| Is This Answer Correct ? | 568 Yes | 51 No |
Answer / m jan
When cheque dishonored the entry will be;
Customer a/c
To Bank A/c
| Is This Answer Correct ? | 287 Yes | 29 No |
Answer / anjali
at the time of deposit
bank
to customer
at the time ofishonour
customer
to bank
| Is This Answer Correct ? | 95 Yes | 15 No |
Answer / nupur shah
Customer a/c Dr
To Bank a/c
It is reverse entry of ceq.deposite in to Bnak
| Is This Answer Correct ? | 70 Yes | 14 No |
To Ram A/c Dr. 5000.00
By Bank A/c 5000.00
| Is This Answer Correct ? | 100 Yes | 72 No |
Answer / vpnarasimhan@gmail.com
In case of a cash withdrawal we wud hv passed Contra & that
has to be reversed. In case of a customer's cheque bounced I
suggest we can pass an entry as good as what we will do for
payment (in narration we hv to explain everything) At any
point of time the entry should not be canceled since the
bounced chq has to appear in customer's ledger to exhibit in
future.
| Is This Answer Correct ? | 27 Yes | 11 No |
Answer / mukesh sharma
CUSTMOR A/C DR
TO BANK A/C
CHQ RETURN ENTRY
BANK A/C DR
TO CUSTOMT A/C
| Is This Answer Correct ? | 41 Yes | 33 No |
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