The accounting treatment for a dishonored cheque is; debi...
The accounting treatment for a dishonored cheque is; debit
Customer's account; credit bank account
Bank account; credit customer's account
Customer's account; credit sales account
Sales account; credit customer account
Correct answer is B
Treatment: Before any notice of cheque being dishonored: When a supplier (payee) receives a cheque from a customer(drawer) the supplier's cash book is debited and the customer's account in the sales ledger is credited with the amount of the cheque.
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\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
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