Which statement relating to dishonoured cheques is true?
A) They appear as credits on the bank statement.
B) They are cheques from debtors deposited into the firm's bank account but not paid by the drawer's bank due to lack of funds or for other reasons.
C) They must be listed in the bank reconciliation.
D) They can be adjusted for by making a negative entry in the sales journal.
Correct Answer:
Verified
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