Ignoring GST, the Accounting Entry That Would Need to Be

question 65

Multiple Choice

Ignoring GST, the accounting entry that would need to be made for a debtor's cheque for $3400 that has been dishonoured is which of the following?

• A) Debit bank $3400; credit debtors $3400
• B) Debit debtors $3400; credit bank $3400
• C) Debit debtors $3400; credit creditors $3400
• D) Debit debtors $3400; credit discount allowed $3400

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Definitions:

Empowerment Strategies

Approaches and methods that aim to increase individuals' or groups' control over their lives, decisions, and resources, fostering strength and confidence in their abilities.

Homophobia

The fear, hatred, discomfort with, or mistrust of people who are lesbian, gay, bisexual, or transgender.

Problem-solving

The process of identifying issues and finding effective solutions to address or resolve them.