Dear sir,
am working in NGO as a accountant the organization is running on Donors contribution only so i have one problem, actually we are received One cheque from Donors of Rs 5000/- so i have deposited into bank and pass the entry in Tally like
for Ex: under Receipt
Axis bank A/c 5000
Donation Received 5000
unfortunately cheque is bounced and in bank statement that is shown like goes to Clearing and it shown credit side Rs5000 and Very Three Days the cheque is bounced showing insufficent fund , in debit side, Rs 5000 so what i have to pass in Tally means reverse entry, i hope i will get the answer from you people , so kindly help us
CAclubindia
