Bank entry

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 

Replies (5)
bank dr
customer cr

customer dr
bank cr

with return charges

no company bear charges
agreed with rahul

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

wrong entry dear

try to minimise your entry for smooth and better account

RV

corp dr 3990
soran cr 3381
int cr 609


PV
cheque bounce
soran dr 3731
int dr 609
corpo cr 4340

why comp debit his account fir return charges

if want then

cheque bounce charges

PV
soran dr 3381
int. dr 609
corp 3990

PV
bounce ch dr 350
corp cr 350

Journal
soran dr 350
bounce ch cr 350

and where i will do this entry 

find the attachment below 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details