Accountancy, asked by singhsuneeta1975123, 3 months ago

navin's cheque dishonoured bank charges 5

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Answered by RITESHMOHAMMAD

0

Answer:

Dear Experts X sells goods of Rs. 10000 to Y. Y gives X a cheque of Rs. 10000. X deposits cheque with bank but it is dishonoured. Bank levies charges of Rs. 100. X wishes to recover the charges from Y. Entries in books of X Y 10000 to sales 10000 (goods sold to Y) Bank 10000 To Y 10000 (payment received from Y) Y 10000 To Bank 10000 (cheque dishonoured) Bank charges 100 to Bank 100 (bank charges levied by bank for dishonour)

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