CHQ DEP. RET - payment stopped by Drawer
This is in financial statement
What is the entry of this in tally?
Please explain
Muskan Verma (Fresher in accounts department) (7 Points)
18 August 2023CHQ DEP. RET - payment stopped by Drawer
This is in financial statement
What is the entry of this in tally?
Please explain
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 18 August 2023
In Tally you have no option but to pass entry in Payment ( Alt 5 ) to nullify receipt entry . Write all details in narration .
Your first cheque receipt entry ( Alt F6) in Tally
Bank A/c Dr
To Debtors A/c Cr
( cheque received )
Cheque Dishonoured entry
Debtors A/c Dr
To Bank A/c Cr
( Cheque Dishonoured due to payment stop by Drawer )
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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