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Adjusted cash book & BRS

Accountancy

In the 2nd question,2nd part it clearly mentioned that the check was returned and dishonoured but in the below box why it was credited in cash book ? Without honouring the cheque what is the purpose of crediting it in cash book.

Shiva Netha

CA Foundation

★ 12K+

25-Apr-23 16:15

781

Answers (1)

When you receive cheque, you debit the cashbook Then when dishonoured, you credit cashbook.

CA Suraj Lakhotia

Admin

26-Apr-23 16:49