Question

Bank returns Surendra cheque dishonoured.( double column cash book)

Answer 1

Answer :

Golden rules of Journal

Personal account rule

Debit- the receiver.

Credit- the giver.

Real account rule

Debit- what comes in.

Credit- what goes out.

Nominal account rule.

Debit- all expenses and losses.

Credit- all incomes and gains.

Now

The journal entry will be

Surendra's A/C   DR

      To Bank A/C

(Bank returns Surendra cheque dishonoured)

Short Explanation

At the time of deposit

The bank A/C should be debited as cheque is being depositing there and

customer A/C should be credited

But

At the time of dishonoured

The customer A/C should be debited as he is getting his cheque and Bank

A/C should be credited.

                                                                                                               

Answer 2

Answer:

Bank returns Surendra cheque dishonoured.( double column cash book)