Multiple Choice
To record a NSF cheque, you can -
A) re-enter the original sales invoice to restore the balance owing
B) reverse the receipt from the adjusting receipt screen
C) make a general journal entry that debits Accounts Receivable and credits the bank account for the cheque amount
D) use any of the above methods to record the NSF transaction correctly
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Which one of the following general statements
Q6: Discounts for early payments are offered to
Q7: To reverse a sales invoice for selecting
Q8: Which one of the following is not
Q9: To find an invoice you need to
Q11: Customizing the sales journal will not -<br>A)
Q12: You can customize the sales journal by
Q13: Which one of the following general statements
Q14: Transactions entered in the receipts journal will
Q15: Adding the discount terms 2/10, n/30 to