Cheque bounce entry

You jut need to reverse the entry.

Dr. Donation received   5000

Cr  Bank                               50000

yes reverse the same entry which u had done when u received the cheque dear

Sir,

When a Cheque from Party bounce, and if that party has to pay or receive interest on his account.

and that interest is autocalculated from tally then in that case.. You will always see less interest due to difference in chq deposited date & bounce date. ..

Suppose if cheque deposited on 27 sept 2014 for Rs. 10,000/- and you made a bank entry on that day .

and chq bounced on 30 sept 2014,

then the interest amount in Automatic calculation will not show interest for perriod 27-sept 2014 to 30 sept 2014 by Rs.10,000/- at specified rate.

A cheque is usually a written commitment made by the payer to the payee against a sum of money. The payee, also known as the drawee, deposits this cheque in the bank. In an ideal situation, the payer’s bank transfers the funds from the payer’s account to the payee.