Endorsed Bill Dishonoured Journal Entries

Journal entries of bill endorsed dishonoured are just like bill discounted dishonoured. Only here is the endorsee instead bank which is the new holder of bill and past holder endorse the bill to new holder. Endorsee will go to drawee or acceptor for getting his money of bill on maturity. If he will reject, he will go to notary public to note it and give fees and will make the asset to his endorser and endorser if drawer will make the asset to his drawee because now drawee is direct responsible to pay money.

1. When Drawee Do not Pay the Value of Bill and Bill Will Dishonour

In the books of Endorsee

Endorser Account Debit

B/R account Credit

Bank Account Credit ( Noting charges of dishonour bill )

In the Books of Endorser

Drawee Account Debit ( amount payable + noting charges

Endorsee Account Credit

In the Books of Drawee 

B/P Account Debit

Noting Charges Account Credit

Endorser Account Credit

2. When Drawee Pay the Money

In the Books of Drawee 

Endorser Account Debit

Bank Account Credit

In the Books of Endorser 

Endorsee Account Debit

Bank Account Credit

In the Books Endorsee 

Bank Account Debit

Endorser Account Credit

( If you study the books of drawee, drawer or endorser and endorsee, you will find that money is transfer from one account to another and at the end it will receive endorsee. Endorsee not just receive his money but in this money, he will get his noting charges. So, both in the books of drawee and drawer, bank account will credit and in the books of endorsee, bank account will debit. Amount will same because drawee has decrease the liability of drawer and drawer has decreased the liability of endorsee and endorsee by passing about entry has increase his current asset by debit his bank account in journal entry. )

Related Contents 

  1. Renewal of Bill Journal Entries 
  2. Bill Dishonour Journal Entries 
  3. Bill Sent for Collection with Bank Journal Entries 
  4. Bill Discounting with Bank Journal Entries
  5. Journal Entries for Endorsement of Bill
  6. Journal Entries of Bill of Exchange
  7. Accounting of Bill of Exchange 


11th Class Accounting eBook







access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: Endorsed Bill Dishonoured Journal Entries
Endorsed Bill Dishonoured Journal Entries
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock