Accounting for IGCSE & O level - Accounting Procedures (Section 9 - No. 41)
Which of these is a reason for the dishonor of a customer’s cheque?
There are insufficient funds in the customer's account.
The customer paid in cash.
The cheque was made out for the wrong amount.
The customer paid with a credit card.
Explanation
A cheque is dishonored (bounces) when there are insufficient funds in the customer's account.
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