Question

journal entry of rati ram cheque was dishonoured​

Answer 1

JOURNAL ENTRY

Explanation:

For Journal Entry we use BASIC RULES

Increase in Asset Debit

Decrease in Asset Credit

rati ram cheque was dishonoured​

Aspect 1. Cheque dishonoured means when rati ram give us check earlier we increase bank, but now cheque dishonoured so bank will be decreased so bank will be Credit

Aspect 2. Rati ram gives us check because he is our debtor but cheque was dishonoured so , once again debtor will increase and rati ram will be Debit (Rule is Above given)

Now , Main Part of Problem

                                                          Journal

                                          In the Books of Owner

Particulars                        LF                Dr.(Amount)          Cr.(Amount)

Rati Ram A/C           Dr.

          To Bank A/C

(Being Cheque Dishonoured)

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