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I have received a cheque from customer and i deposited into
the bank next 4-5 days cheque has been bounced by the bank.
Pls tell me what is reverce entry in the tally for cheque
bounced and which option i will enter in journal or payment
entry.
Salary . is it direct exp or indrect exp.
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Answer Posted / sankaranarayanan
when u have received a cheque from the customer, what entry u have passed.
Bank A/c Dr xxxx
Party Name A/c xxxx
(When u received from the customer).
If the cheque is returned then reverse
Party name A/c xxx
Bank A/c xxx
If the receipt is not posted in Income a/c.
| Is This Answer Correct ? | 128 Yes | 10 No |
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