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The correct journal entry to reconcile an NSF check returned by the bank is:

A. Debit Accounts Receivable, Credit   NSF  

B. Debit Cash, Credit   Accounts Receivable  

C. Debit NSF Expense, Credit    Cash  

D. Debit Accounts Receivable, Credit    Cash

Accounting Auditing Account Handling Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/03/25
Upvote (0) Views (36) Followers (7) Answers (8) Report Question
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Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

C ######################£####

Deleted user

C. Debit NSF Expense, Credit    Cash  

Muhammad Nisar
by Muhammad Nisar , Manager Accounts and Finance , MALIK CORPORATION & MMC RECYCLING LIMITED

D.  Debit Accounts Receivable, Credit  Cash

Himanshu Jain
by Himanshu Jain , Accounting Assistant , M/S GURDAS DISTRIBUTORS

Debit NSF Expense, Credit    Cash  IS THE RIGHT ANSWER

Muhammad Umair

A. Debit Accounts Receivable, Credit NSF B. Debit Cash, Credit Accounts Receivable C. Debit NSF Expense, Credit Cash D. Debit Accounts Receivable, Credit Cash

Murtuza Rangwala
by Murtuza Rangwala , Senior Consultant , MBAF Services Pvt. Ltd.

 

Option C

 

 

Sethumadhavan krishnan
by Sethumadhavan krishnan , Personnel Affairs Supervisor , Saudi Catering & Contracting

Sorry no accounting knowledge

FATEH BOUCHENE
by FATEH BOUCHENE , institut d'emission , banque centrale d'algerie

why the Arab countries sell crude oil the question that arises why do not distract oil derivatives to gain value-added instead of selling it crude

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