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
The correct answer is B.
N.B
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.
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