what is journal entries for cheque dishonored?
Answer Posted / bontle
When a chequed is sent back by the bank simply because
there is no money in the bank or the drawer has stopped the
proceedings the entries will go as follows:
dr Debtors control - because the cheque was marked R/D.
cr Bank - because there was not money entered into the bank.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
Transfer nett profit of Rs 325000/- to Reserves and Surplus
Short answer on____________Assessment Year
what is mean by traditional accounting ?
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
How can we display last five years sales in tally
Can anyone mail journal entries for me? my Mail id rukmini@live.in
income from depreciated asset is profit or loss?
Suppose the production is more and sales less then what will happen
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
Why you want to leave your present job while they offer you with good offer?
what is the procedure of interview question in genpact
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
Expand-------NABT