Cheque Received And Deposited Dishonoured Journal Entry
A c heque / chec k may refuse b y b a nk to ho nor due to errors, mistakes committed b y ow ner of t he cheque. It is a case of disho nor of c heque a n d such cheque is called disho noured c heque. I n suc h case, we retur ned t he cheque to perso n from w hom we received the cheque / check. I n case of dis ho nor of c heck / cheque, we record jour nal entry b y de b ited accou nt name of t he perso n from w hom we received c heque a nd credit t he b a nk account as s how n b elow: (Assumi ng, we received c heque from Mr. A) Mr. A XXX ...