Question

What will be the journal entry ofbank returned surendras cheque dishounered?

Answer 1

Answer:

When you write a cheque, its for payment of goods. You pass the entry:

Creditor's Account …Dr.

To Bank Account

When your cheque is dishonoured, you reverse the transaction with the following entry:

Bank Account …Dr

To Creditor's Account

Explanation:

Answer 2

Answer:

Explanation:

pen the invoice against which the payment was made.

Click History (next to the Applied to Date field).

Open the payment transaction.

Go to the Edit menu and choose Reverse Payment. ...

Check the transaction details then click Record.

if required, account for the bounced cheque in your bank deposit.