How do I pass a Cheque Bounce Entry in Tally.ERP 9? @ Tally.ERP9

Query

How do I pass a cheque bounce entry in Tally.ERP 9?

Or

I had passed a Receipt entry for the payment received from my debtor. But the cheque issued by the debtor has bounced. How do I handle the cheque bounce scenarios in Tally.ERP 9?

Answer

Pass a reversal entry using a Payment voucher as follows:

Dr. Debtor's A/c

Cr. Bank A/c

Note:

1. A separate voucher type named Cheque Bounce under Payment voucher can be created to track cheque bounce entries.

2. You may also pass the reversal entry using a Journal voucher, by enabling the option Allow Cash Accounts in Journal in Journal Configuration.