Can the receipt amount be reduced on cheque bounce

If A gives 2 cheques of Rs.1000 each to B, and one of the cheques get bounced making B bear rs.50 as bank charges, what should be the amount in consolidated receipt to be given by B to A -  Rs.1000/- or Rs.950/-.

The query is about treatment of cheque return transaction.

Can a receipt for negative amount (due to bank charges) be generated or a payment voucher be generated as JV instead. Just as we make a payment voucher for the cheque amount returned. Because I was attempting to reduce the receipt amount to the extent of cheque return charges also.

So that, the consolidated statement of ledger shows the net amount received. Instead of billing for cheque eturn charges.

 

Replies (1)

B is eligible to claim Rs 50 from A.  The receipt shall remain of Rs 2,000

A separate charge be created like:

A Dr                        Rs 50

To bank Charges Rs 50

Thus total debt shall be of Rs 2,050 of which Rs 1,050 remains unpaid.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details