cheque dishonour
vinayaka shet (1 Points)
26 October 2018My friend has so far repaid only ₹ 400.
What is the accounting treatment for this transaction ??
vinayaka shet (1 Points)
26 October 2018
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 26 October 2018
FRIEND DR 1000
TO CASH 1000
BANK AC DR 1000
TO FRIEND 1000
FRIEND DR 1000
TO BANK 1000
CASH DR 400
TO FRIEND 400
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8656 Points)
Replied 29 October 2018
what about remaining Rs.600/- so your answer is wrong.
satish
(teaching)
(2046 Points)
Replied 29 October 2018