B Com Exam > B Com Questions > 1:- Received a cheque from A and sent to bank...
Start Learning for Free
1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured?
Most Upvoted Answer
1:- Received a cheque from A and sent to bank and discount allowed(780...
Received Cheque from A and Sent to Bank with Discount Allowed
- When you receive a cheque from party A, you can send it to the bank for processing and collection.
- If you decide to avail a discount on the cheque amount, you can deduct that amount before depositing the cheque.
- For example, if the cheque amount is 7800 and a discount of 200 is allowed, the total deposited amount would be 7600.
Cheque of A Returned as Dishonoured
- Sometimes, cheques can be returned by the bank as dishonoured due to various reasons such as insufficient funds, mismatched signatures, stale-dated cheques, etc.
- When a cheque is dishonoured, it means that the bank cannot process the payment and will return the cheque to the depositor.
- In this scenario, you will need to contact party A to inquire about the reason for dishonour and request for a new payment method or resolution.
- It is important to keep a record of the dishonoured cheque and any communication with party A for future reference or legal actions if necessary.
- When you receive a cheque from party A, you can send it to the bank for processing and collection.
- If you decide to avail a discount on the cheque amount, you can deduct that amount before depositing the cheque.
- For example, if the cheque amount is 7800 and a discount of 200 is allowed, the total deposited amount would be 7600.
Cheque of A Returned as Dishonoured
- Sometimes, cheques can be returned by the bank as dishonoured due to various reasons such as insufficient funds, mismatched signatures, stale-dated cheques, etc.
- When a cheque is dishonoured, it means that the bank cannot process the payment and will return the cheque to the depositor.
- In this scenario, you will need to contact party A to inquire about the reason for dishonour and request for a new payment method or resolution.
- It is important to keep a record of the dishonoured cheque and any communication with party A for future reference or legal actions if necessary.
Community Answer
1:- Received a cheque from A and sent to bank and discount allowed(780...
Journal entry?
|
Explore Courses for B Com exam
|
|
Similar B Com Doubts
1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured?
Question Description
1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured?.
1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured?.
Solutions for 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? in English & in Hindi are available as part of our courses for B Com.
Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? defined & explained in the simplest way possible. Besides giving the explanation of
1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured?, a detailed solution for 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? has been provided alongside types of 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? theory, EduRev gives you an
ample number of questions to practice 1:- Received a cheque from A and sent to bank and discount allowed(7800-200) 2:- cheque of A returned by the bank as dishonoured? tests, examples and also practice B Com tests.
|
|
Explore Courses for B Com exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup