Brs

Accountancy

Bill discounted dishonored not recorded in cash book......bak balance as per page book Plus side or minus side...explain?

Priyamvatha Parthasarathy

CA Foundation

★ 5K+

09-Aug-22 16:20

782

Answers (2)

If the bill discounted is dishonoured,only bank will record it and not us.Once after the bill is discounted,it is the matter between bank and the Debtor.

Shankari C

CA Inter

★ 12K+

09-Aug-22 16:53

If a discounted bill is dishonoured, you will need to debit the Debtor and Credit Bank in books.

CA Suraj Lakhotia

Admin

16-Aug-22 10:32

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