To enter NSF cheques when deposit slips are used (receipts are recorded to a separate undeposited amounts account before entering them in the bank account) -

Question

Quizplus · Accepted Answer

The correct answer is A because when deposit slips are used, the receipts are recorded to a separate undeposited amounts account before entering them in the bank account. To enter NSF cheques, you need to select the bank account in the receipts journal, then show paid invoices and enter negative amounts for the appropriate invoice. This will reverse the original receipt and restore the balance owing by the customer.

To Enter NSF Cheques When Deposit Slips Are Used (Receipts