JAMB Accounting 2012 Objective — Question 10

Question 10 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

In a three-column cash book, dishonoured cheques will be shown on the bank column as A. debit

A. debitCorrect
B. credit
C. cash column debit
D. cash column credit

Explanation

When a cheque is dishonoured, it will be deducted from balance in bank by credit the bank column in the cash book.

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