Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 22)
Which of the following statements are true regarding a dishonored cheque?
The customer has not paid.
The business's bank balance increases.
The customer's account is debited.
The sales ledger is unaffected.
Explanation
If a cheque is dishonored, the customer has not paid, and the amount owed is increased (debit).
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