what is the difference between cheque dishounerd and cheque
bounced?

Answer Posted / dharmendra samal

for accounting purpose cheque dishnoured and bounced are
same, but normally there are so many reasons for cheque
dishnoured such as 1. diff. in sig. 2. mistake in amt. in
words and figure 3. mistake in date, but there in only one
reason in case of cheque bounce that is less balance than
the cheque amount.

Is This Answer Correct ?    56 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Follow up ageing balances of Debtors & Creditors and also Inventory

1719


What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify

1320


what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

1681


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

1062


what is loan operations and what are the complete process form from making customer to closure of loan

1747






what is the right process for input credit of Service tax. and on which service i can take credit.

1461


Tell me what is project implementation?

666


Tell me what is an over accrual?

699


What is the difference between cfa and csa?

9921


What is double-entry accounting? Explain with an example?

740


The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

10696


What is the abbreviation for the accounting terms debit and credit?

647


What is the distinction between cost accounting and management accounting?

721


Plz Ask from me New Accounting Questions.

1555


can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

1771