Question

What is the journal entry when cheque is received and dishonoured?

Answer 1

Answer:

When payment made by u then if,cheque is dishonour then journal entryin book will be as follows: 1 when payments made by cheque. Payee A/c Dr. Bank A/c Dr.

Answer 2

Answer:

The entry you are asking for should go to the bank book. In this entry, you will debit the bank with the amount of the cheque which is 90% of the amount and debit discount account with the 10% amount and credit the party with the full amount.

I hope this will help you

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