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This query is : Resolved
himanshu vyas
(Querist)
22 August 2009
IF A PARTY GAVE ONE CHQ.FOR RS.100000 AND DEPOSITED IN BANK AND BOUNCED. WHILE PASSING THE ENTRIES RECIPT OF CHQ. IS BANK A/C DEBIT & PARTY A/C CREDITED.
WHILE CHQ.BOUNCED SHALL I PASS THE PAYMENT ENTRY OR JOURNAL VOUCHER KINDLY CLARIFY
THANKS®ARDS
WHILE CHQ.BOUNCED SHALL I PASS THE PAYMENT ENTRY OR JOURNAL VOUCHER KINDLY CLARIFY
THANKS®ARDS
diwakar mittal
(Expert)
22 August 2009
ones there will be no effect on financial statement by this
and we should pass journal entry by debiting party a/c with boyh amount of cheque and dishonour charges
and we should pass journal entry by debiting party a/c with boyh amount of cheque and dishonour charges
CA.Tarun Maheshwari
(Expert)
22 August 2009
In tally you shall not be able to pass journal entry for this because ultimately you will have to credit the bank, and it can be done only when you will pass the Payment entry.
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