Entry of chq return in tally
This query is : Resolved
Krishnaveni Iyer
(Querist)
14 September 2019
I received a cheque for the service i provided, but the cheque was returned. How to make entry of that return cheque?
14 September 2019
At the receipt of cheque from the customer , you have made the following entry:
Bank account Debit
Customer account Credit
When the cheque is returned, then reverse entry has to be passed
Customer account Debit
Bank account Credit
Bank account Debit
Customer account Credit
When the cheque is returned, then reverse entry has to be passed
Customer account Debit
Bank account Credit
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