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if the chq is dishonored which entry will be passed????????
give example entry
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Answer Posted / g.v.s. ravi sharma (bhilai)
Normally when the cheque(ICICI) is received against commission and deposited into IDBI bank and gets dishonoured.
in such case (normally)entry will be
IDBI Bank ..................... dr.
Commission Received .................... cr.
in dishonoured case entry will be
commission received ..................dr.
IDBI bank.............................cr.
(for this a journal voucher should be attached.
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