Bounced Cheque

abdulraheem786 · #1 May 1, 2007, 11:38 PM

Suppose the customer has made the transactions for the amount of Rs. 2500.00

He gave the cheque for the amount Rs. 2500.00 and an entry is passed in AR.

But the cheque is bounced then how pass the countra entry. What is the process.

venugopalarao · May 5, 2007, 04:06 AM

Ar a/c dr
to bank a/c

omu · May 6, 2007, 03:27 AM

Debtor ( customer ) a/c Dr. ( for cheque amount )
Debtor ( customer ) a/c Dr. ( for bank charges , if any )

To Bank a/c Cr.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!