WAEC Accounting 2014 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.
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The accounting treatment for a dishonoured cheque is; debit
- A. Customer's Account; credit Bank Account
- B. Bank Account; credit Customer's AccountCorrect
- C. Customer's Account; credit Sales Account
- D. Sales Account; credit Customer's Account
Explanation
When a cheque is dishonoured, the entry is: Dr Bank account, Cr Customer's (suppliers'/debtor's) account.
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