Journal entry of suman's cheque is returned on technical ground and paid cash for equal amount
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Bank A/C Dr Rs.xxx
To cash A/C Rs.xxx
(being cheque issued to suman returned by him on technical ground and cash paid for an equal amount)
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1
Answer:
bank a/c dr xxxx
to cash a/c xxxxx
Explanation:
when cheque is returned the entry is bank to suman and when we pay cash to her the entry is suman to cash so both the suman being dr and cr by same amt and in one transaction only so it gets cancelled and the remaining is bank to cash so the journal entry is
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