0
return of a cheque by bank is a normal practice due to any reason like funds unsufficient drawer signature different but if a cheque is provided by debtor against credit supplies it will not effect to our current assets till it's realization the receivable will be the same but if against cash supplies the bank will be debit and sales will be credit to close day accounts if it founds return after it's realization process the entry will be reverse and stand temporary credit till it's recevery
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the journal entry of check dishonoured?
debit dishonoured chequecredit accounts payable
What is the Accounting entry of deposit in a close bank?
check
What is entry for cheque dishonoured?
the entry for Cheque dishonor would be Party A\c dr To Bank A\c
What column does a dishonoured cheque in accounts receivable go?
what is the entry if i pay creditors with a cheque and the cheque is not honored
What machine inspired the double entry accounting method?
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
What is the journal entry of check dishonoured?
debit dishonoured chequecredit accounts payable
What is a journal entry for cheque dishonoured?
debit accounts receivablecredit bank
How do you enter a dishonoured cheque in tally?
Reverse Entry to be passed for the original Entry
What is the Accounting entry of deposit in a close bank?
check
What is entry for cheque dishonoured?
the entry for Cheque dishonor would be Party A\c dr To Bank A\c
What column does a dishonoured cheque in accounts receivable go?
what is the entry if i pay creditors with a cheque and the cheque is not honored
What is the financial accounting entry for check cashing?
[Debit] Cash account [Credit] bank account
What is the reasons for check dishonoured by a bank?
to be insufficient fund in a account of drawer
Who introduces double entry accounting?
Double Entry Accounting is introduced by Lucas Paciolli
What machine inspired the double entry accounting method?
There is no record of a machine that inspired the double-entry accounting method. Records show that double-entry accounting was inspired by existing accounting practices at the time.
Matching in accounting means to make an entry in the journal?
Matching" in accounting means to make an entry in the journal
What is the accounting entries when goods are bought on credit?
The journal entry is the accounting entry which lists the goods that are bought on credit.
