cheque for rs 2500 received from charles in settlement of a debt of rs 2750,returned dishonoured
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- The dishonored cheque is shown in the debit column of the bank statement.
- When a cheque received is not deposited on the same day, it is taken in the cash account and when it is deposited in bank, then a contra entry is passed. For example cheque received from Ram on 15th March is deposited on 18th March, following entries will be passed: 15/3 Cash A/c Dr.
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