The accounting treatment for a dishonored chequ... - WAEC Accounting 2014 Question
The accounting treatment for a dishonored cheque is; debit
A
customer's account; credit bank account
B
bank account; credit customer's account
C
customer's account; credit sales account
D
sales account; credit customer account
correct option: b
Treatment: Before any notice of cheque being dishonored: When a supplier (payee) receives a cheque from a customer(drawer) the supplier's cash book is debited and the customer's account in the sales ledger is credited with the amount of the cheque.
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