A cheque received from a debtor on 31 January 2018 was credited into the bank on 29 March 2018. However, on 7 April 2018 the bank returned the cheque. This is known as O A. Unpresented cheque O B. Uncredited lodgement O C. Dishounered cheque O D. Unrecorded deposit

A cheque received from a debtor on 31 January 2018 was credited into the bank on 29 March 2018. However, on 7 April 2018 the bank returned the cheque. This is known as O A. Unpresented cheque O B. Uncredited lodgement O C. Dishounered cheque O D. Unrecorded deposit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

A cheque received from a debtor on 31 January 2018 was credited into the
bank on 29 March 2018. However, on 7 April 2018 the bank returned the
cheque. This is known as
O A. Unpresented cheque
O B. Uncredited lodgement
O C. Dishounered cheque
O D. Unrecorded deposit

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