Question

5 6 11.2004Z A debit of 11,00,000 appeared in the Bank Statement for an unpaid cheque, which had been returnedmarked out of date. The cheque had been re-dated by the customer and paid into Bank again on 5th July,2019.​

Answer 1

Answer:

Explanation:

Methodology :-

If any cheque is sent to the Bank for credit of our account, the bank while sending the same to the concerned Bank, credits in the account of customer.  When cheque is returned, Bank debit the amount of the cheque. This is a common procedure.

In the question, Bank has debited the amount of the cheque means bank has reversed the previous credit.

Now we  will have to dishonour the cheque in account.

      Customer's a/c Dr

           To Bank A/c

Now her as per question the cheque was out dated, means it was not presented within the validity period of the cheque i.e 3 months.

No cheque has been revalidated by your customer, you will have to make fresh entry of cheque received and sent to bank as earlier entry was made

Cheques in Hand A/c Dr

To customers a/c

Bank A/c Dr

 To cheques in hand a/c

or you can make only one entry

Bank a/c Dr

To customer a/c

Never forget to reverse earlier entry as said above