Question

Cheque of Rs5,000 received from a customer was deposited in the bank on the 2020. It was reported to have been dishonoured. Give adjustment entry.
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Answer 1

Answer:

bank a/c Dr. 5000

To debtors a/c 5000

(Being cheque received)

Debtors a/c Dr. 5000

To bank a/c 5000

(Being cheque dishonoured)