Accountancy, asked by sahil3674, 10 months ago

journal entry cheque dishonoured​

Answers

Answered by tanmay798
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 anjalirawat2031
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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