Nigerian Scholars » Past Questions » Accounts » When a customer's cheque is returned unpaid in a debtor's control accountin...

When a customer's cheque is returned unpaid in a debtor's control accountin...


Question

When a customer's cheque is returned unpaid in a debtor's control accounting system, the treatment will be

Options

A) debit bank, credit custmer and credit conyrol account

B) credit bank, debit customer, and credit control account

C) debit customer, debit control accountand credit bank

D) credit control account, debit bank and debit customer

Explanation:

Control accounting system consists of the methods or procedures that form the complete internal control system of an organization. When a customer's cheque is returned unpaid in a debtor's control accounting system, the treatment will be credit bank, debit customer, and credit control account.


More Past Questions:


Dicussion (1)

  • Control accounting system consists of the methods or procedures that form the complete internal control system of an organization. When a customer's cheque is returned unpaid in a debtor's control accounting system, the treatment will be credit bank, debit customer, and credit control account.

    Reply
    Like