Question

if a cheque received from a customer is dishonoured it will be debited to the which account ?

Answer 1

Explanation:

According to Section 138 of the Act, the dishonour of cheque is a criminal offence and is punishable by imprisonment up to two years or with monetary penalty or with both. If payee decides to proceed legally, then the drawer should be given a chance of repaying the cheque amount immediately.