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.

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