what is journal entries for cheque dishonored?
Answer Posted / ravipolina
if deposited cheque dishonoured
cash a/c dr
TO bank
just a reverse entry for deposited because cheque was not
honoured
if with drawl cheque dishonoured
Bank a/c dr
TO cash
just a reverse entry for with drawl because a cheque was
presented for with drawl the banker may dishonour
eg - insufficient funds
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