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Bounced Cheques.

matthewdmatthewd Just JoinedRegistered Posts: 4
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

Comments

  • Sarah1910Sarah1910 New Member Registered Posts: 9
    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
  • lauradlaurad Feels At Home Registered Posts: 49
    dont forget to adjust back your customer accounts too though if you entered in that when the chq was first r'vd
  • welshwizardwelshwizard Trusted Regular South WalesRegistered Posts: 465
    Also adjust your sales ledger control account
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