sir
if a customer give a cheque to a company for his/her emi. when the company diposite that cheque for clearing perpose in case of insuffient balance that cheque is bounce i thingh three entry we have to do one in receipt(cheque received entry), payment(cheque refund entry),an journal (bank charges with gst) can you please show me those entry i am confuse
ok you mean
in receipt
D Corporation Bank 3,990.00
C Soran Singh(34-18-bl) 3,381.00
C Interest on Loan 609.00
in payment
D Soran Singh(34-18-bl) 3,381.00
D Interest on Loan 609.00
C Corporation Bank 3,990.00
in journal
D Soran Singh(34-18-bl) 350.00
C Bounce Charge 350.00
and again in payment bank charges that amt deduct from our a/c
D cheque bounce Charges 60.00 Agains soran singh
D Goods And Services Tax 10.80
C Corporation Bank 70.80
is it right
and where i will do this entry
find the attachment below
ADY & CO.
New Delhi
Graduate (Any)
View Details
CCI
Pro
CAclubindia
