WAEC Accounting 2013 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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A dishonoured cheque is
- A. debited in the cash book
- B. credited in the cash bookCorrect
- C. double entry in the cash book
- D. credited in the bank book
Explanation
When a cheque is dishonoured, it will be debited to cash book because it was formerly credited.
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