journal entry cheque dishonoured
Answers
Answered by
70
Explanation:
reverse entry is passed in this case
For exp. when cheque was received from mr. x and deposited in the same date
Bank A/c.........Dr.
To Mr. X
and on dishonore
Mr. X A/c.. Dr.
To Bank
Answered by
4
Introduction:
Dishonoured cheques (sometimes written check) are cheques on which a bank refuses to pay ("honour"). The cheque Dishonour arises as a result of a distinguishing signature, an incorrect date, and so on.
Explanation:
Journal entry when the cheque is deposited into the bank
Bank A/C Dr
To cash A/c
(Being cheque deposited in the bank)
Journal entry when it is dishonoured.
Bank A/c Dr.
To payee A/c
(Being cheque dishonoured)
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