Bounced Cheques.

matthewd

i'm studying through home learning and I am stuck with my 4th assignment. it is with the three column cash book. A customer has paid the company and then the cheque has been returned dishonoured. Do i put the entry in both the credit and debit side as when he paid and when it was returned form the bank? Thank you in advance for your help

Sarah1910

Hi

i am studying through home learning too, exam in december.

Yes I would debit the account as cheque received and then credit the account when cheque returned. :001_smile:

Sarah

laurad

dont forget to adjust back your customer accounts too though if you entered in that when the chq was first r'vd

welshwizard

Also adjust your sales ledger control account