CHQ DEP. RET - payment stopped by Drawer
This is in financial statement
What is the entry of this in tally?
Please explain
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 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 )
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