answersLogoWhite

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

User Avatar

Wiki User

13y ago

What else can I help you with?