Question

cheque deposit into bank 2000 on 29.12.2002 but it's credited in 2003 book closed 31.12.2002 in this case the cheque is dishounerd please reply​

Answer 1

Answer:

• No, it's not the dishonour of cheque.

Explanation:

Since, cheque deposited into bank of ₹ 2000 on 29-12-2002, we will record this transaction in the books of accounts on that day. A cheque deposited into bank requires atleast 3-4 days to be cleared or the amount to be credited into our bank account.

According to the accrual assumption principle, a transaction is recorded in the books of account at the time when they takes place not at the time when the final settlement takes place.

We will record the transaction of cheque deposited into bank in our cash book on 29-12-2002 but the bank will record in the pàss book on 31-12-2003.

Dishonoured cheque means cheque bounce.

The given statement is not an example of dishonour of cheque.