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Vignesh received a cheque of rs. 6000 from shiva and endorses it to rashmi in payment of loan. rashmi deposits this cheque in bank the cheque was dishonored and returnes after a week. which account will rashmi credit?
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Vignesh received a cheque of rs. 6000 from shiva and endorses it to ra...



Account to be credited:
1. Rashmi's Account

Explanation:
1. When the cheque received by Vignesh from Shiva was dishonored and returned to Rashmi, Rashmi's account needs to be credited.
2. Since Rashmi is the one who deposited the cheque in her bank account, she is ultimately responsible for the dishonored cheque.
3. By crediting Rashmi's account, it reflects the reversal of the earlier entry made when she received the cheque from Vignesh.
4. This credit will help in adjusting the discrepancy caused by the dishonored cheque and maintain accurate accounting records.

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Vignesh received a cheque of rs. 6000 from shiva and endorses it to rashmi in payment of loan. rashmi deposits this cheque in bank the cheque was dishonored and returnes after a week. which account will rashmi credit?
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Vignesh received a cheque of rs. 6000 from shiva and endorses it to rashmi in payment of loan. rashmi deposits this cheque in bank the cheque was dishonored and returnes after a week. which account will rashmi credit? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Vignesh received a cheque of rs. 6000 from shiva and endorses it to rashmi in payment of loan. rashmi deposits this cheque in bank the cheque was dishonored and returnes after a week. which account will rashmi credit? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vignesh received a cheque of rs. 6000 from shiva and endorses it to rashmi in payment of loan. rashmi deposits this cheque in bank the cheque was dishonored and returnes after a week. which account will rashmi credit?.
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