banner_ad

Can the receipt amount be reduced on cheque bounce

A/c entries 679 views 1 replies

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details