Question: Which statement relating to dishonoured cheques is true? Select one: O a. They can be adjusted for by making a negative entry in the sales

Which statement relating to dishonoured cheques is true? Select one: O a. They can be adjusted for by making a negative entry in the sales journal O b. They appear as credits on the bank statement O c. They must be listed in the bank reconciliation O d. They are cheques from debtors deposited into the firm's bank account but not paid by the drawer's bank due to lack of funds or for other reasons
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
