Question

Received cheque from Ram 0n 10 jan was 9500 and discount allow him was 500 .But on 11 jan the cheque was dishonoured

Answer 1

Answer:

Bank a/c Dr 9500

discount allowed a/c Dr 500

To ram 10000

dishonor entry

ram Dr 10000

to bank a/c 9500

to discount allowed a/c 500