Question

cheque of sohan returned by the bank as dishonoured​

Answer 1

Explanation:

Explanation: A cheque is said to be valid or honored, if the bank gave the sum amount to the payee. ... As it were, dishonor of cheque is a condition wherein bank will not pay the amount to the payee. Since, the company has already passed a journal entry for payment towards allowance to Mohan.

Answer 2

Answer:

As it were, dishonor of cheque is a condition wherein bank will not pay the amount to the payee. Since, the company has already passed a journal entry for payment towards allowance to Mohan. So, the entry will be reverser so that it will be rectified and be passed properly.