Suppose Cheque Recevied from A ltd 0f 30000
Bank Dr 30000
To A 30000
Later cheque bounced,we pass entry
A Dr 30000
To Bank 30000
Suppose Bank also charged Rs 200 cheque bouncing charges
Entry will be
Bank Charges Dr 200
To Bank 200
(if bank charges to be borne by us)
or
A Dr 200
To Bank 200
(if bank charges to be recovered from A)
Written on Jan. 31, 2017, 6:13 p.m.