Accounting for IGCSE & O level - Accounting Procedures (Section 22 - No. 40)
What is the impact of a dishonored cheque on a customer's account in the sales ledger?
Increases the balance.
Decreases the balance.
No change to the balance.
Credit bank account.
Explanation
A dishonored check means the payment was not received, so the customer still owes the money; thus, the balance increases.
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