Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 47 - No. 18)
What does it mean when a check is 'dishonored'?
The check has been cashed by the payee.
The check has been deposited to the bank.
The bank refuses to pay the check due to insufficient funds.
The check has been lost in transit.
Explanation
Dishonored checks are unpaid due to insufficient funds, stopping the check from processing.
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