Question: To record a NSF cheque, you can - make a general journal entry that debits Accounts Receivable and credits the bank account for the (A)
To record a NSF cheque, you can - make a general journal entry that debits Accounts Receivable and credits the bank account for the cheque amount use any of the above methods to record the NSF transaction correctly reverse the receipt from the adjusting receipt screen re-enter the original sales invoice to restore the balance owing
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
