Accounting 0452 · IGCSE · Bank reconciliation

Bank reconciliation — practice question

Farouk sells goods on credit. A cheque issued by Khalid, who is a credit customer, was dishonoured by the bank. In what way should Farouk record this?

  • Adebit bank, credit Khalid
  • Bdebit irrecoverable debts, credit Khalid
  • Cdebit Khalid, credit bank
  • Ddebit Khalid, credit irrecoverable debts

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