mr ram helped a friend by encashing a cheque for rs 1000 which was Dishonoured the friend has so far repaid only rs 400 what are the effect of this in bank account and his friend account
Menu
Please suggest me journal entry of following
Replies (1)
Your bank is credited with 400₹ and your friends account is debited with 400₹. Your cheque bounced back and so no cash is credited into bank account. Next, your receivables is outstanding by 600₹.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
