Which of the Following Statements Relating to Dishonoured Cheques Is

question 31

Multiple Choice

Which of the following statements relating to dishonoured cheques is incorrect?

• 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 are not listed in the bank reconciliation.
• D) They are adjusted for by entering a negative amount into the cash receipts journal.

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Definitions:

Acceleration

The rate at which an object increases its velocity.

Enrichment

Activities or experiences designed to stimulate learning and development, often beyond what is offered in a standard curriculum or environment.

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg that suggests there are three aspects of intelligence: analytical, creative, and practical.

Contextual Component

The aspect of a situation or environment that includes all the surrounding factors and conditions influencing a particular event or behavior.