The Journal Entry to Reverse the Entry of a Customer's

question 80

Multiple Choice

The journal entry to reverse the entry of a customer's nonsufficient funds cheque would include a

• A) debit to Cash.
• B) credit to Cash.
• C) debit to Accounts Payable.
• D) credit to Accounts Receivable.

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Definitions:

Goods And Services

Physical items produced and actions performed to fulfill the needs and wants of consumers.

Non-Renewable

Refers to natural resources or sources of energy that cannot be replenished within a human life span, such as fossil fuels and minerals, making them finite and exhaustible.

Fertile Soil

A type of soil that contains a rich supply of nutrients and minerals conducive to growing plants.

Groundwater

Water located beneath the earth's surface in soil pore spaces and in the fractures of rock formations, a crucial source of fresh water for drinking, agriculture, and industry.