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CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000
THE CHEQUE DISSONORED
WHAT ENTERY THIS TRANSACTION

Answer Posted / t.saravanan

At the time of cheque issue

ABC Dr Rs.20000.00
Bank Cr Rs.20000.00
Bank Dr Rs.2000.00
Discount Cr Rs.2000.00

At the time of cheque dishonur

Bank Dr Rs.20000.00
ABC Cr Rs.20000.00

This question Not showing the discount return.

Is This Answer Correct ?    1 Yes 4 No



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