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cheque dishonour

This query is : Resolved 

14 August 2009 what is the journal entry of dishonour of cheque in the books of both issuing & receving party ?

15 August 2009 Sir,

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

15 August 2009 reverse entry




17 August 2009 reverse entry.



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