Dishonour Cheques Entry Procedure

Entry For Dishonour of Cheques

Instruction is received from the Bank for dishonour of cheque. Dishonour cheque is collected from the bank along with the Bank advice. Accounts personnel reverse the cheque in the ERP. Information of Cheque dishonour is passed to the respective Branch Heads by Accounts for follow up. 
Necessary follow up is done by the respective Sales personnel and the invoice value along with the returned charges is received through a demand draft and until the dishonoured cheque is cleared no fresh orders for the party is executed.


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