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cheque dishonour (Accounts)

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This query is : Resolved

( Querist )
14 August 2009

what is the journal entry of dishonour of cheque in the books of both issuing & receving party ?

Shyam Lal Naik

( Expert )
15 August 2009


It will be the reverse entry.

Issuing party : -

Bank dr
To Party/Expenditure A/c as the case may be

Receiving Party :-

Party/Income A/c as the case may be Dr
To Bank

CA. Gurdeep Singh Chawla

( Expert )
15 August 2009

reverse entry

CA Binal Shah

( Expert )
17 August 2009

reverse entry.



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